Brokerages Set Home Capital Group Inc. (TSE:HCG) PT at C$43.14

Home Capital Group Inc. (TSE:HCG) has received an average recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$43.14.

Several equities research analysts recently weighed in on HCG shares. TD Securities boosted their target price on Home Capital Group from C$39.00 to C$43.00 and gave the stock a “buy” rating in a research note on Friday, May 14th. National Bank Financial boosted their price objective on Home Capital Group to C$46.00 and gave the company an “outperform” rating in a research note on Friday, May 14th. Scotiabank boosted their price objective on Home Capital Group from C$38.00 to C$44.00 in a research note on Friday, May 14th. Royal Bank of Canada boosted their price objective on Home Capital Group from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 14th. Finally, Raymond James boosted their price objective on Home Capital Group from C$36.00 to C$38.00 and gave the company a “market perform” rating in a research note on Friday, May 14th.

HCG stock opened at C$36.12 on Tuesday. The stock’s 50 day simple moving average is C$33.39. The stock has a market capitalization of C$1.84 billion and a PE ratio of 8.90. Home Capital Group has a fifty-two week low of C$19.01 and a fifty-two week high of C$36.84.

Home Capital Group (TSE:HCG) last posted its earnings results on Thursday, May 13th. The company reported C$1.26 earnings per share for the quarter, topping the consensus estimate of C$1.00 by C$0.26. The business had revenue of C$139.60 million for the quarter, compared to analysts’ expectations of C$139.81 million. As a group, equities analysts anticipate that Home Capital Group will post 4.6700002 EPS for the current fiscal year.

In other news, Senior Officer John Hong sold 1,678 shares of the business’s stock in a transaction that occurred on Tuesday, May 25th. The stock was sold at an average price of C$35.19, for a total value of C$59,045.46.

About Home Capital Group

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and nonresidential mortgage lending, securitization of residential mortgage products, consumer lending, and credit card services in Canada. It offers deposits through brokers and financial planners under the Oaken Financial brand.

Further Reading: Understanding Price to Earnings Ratio (PE)

Analyst Recommendations for Home Capital Group (TSE:HCG)

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