Home Capital Group (TSE:HCG) Given New C$25.00 Price Target at CIBC

Home Capital Group (TSE:HCG) had its price objective lifted by CIBC from C$23.00 to C$25.00 in a report released on Thursday, BayStreet.CA reports.

HCG has been the topic of a number of other research reports. Royal Bank of Canada upped their price target on Home Capital Group from C$20.00 to C$25.00 and gave the company a sector perform rating in a research report on Monday, July 22nd. TD Securities upped their price target on Home Capital Group from C$23.00 to C$24.00 and gave the company a hold rating in a research report on Thursday. M Partners reiterated a buy rating on shares of Home Capital Group in a research report on Monday, May 6th. National Bank Financial upped their price target on Home Capital Group from C$20.00 to C$23.00 and gave the company a sector perform rating in a research report on Wednesday, July 31st. Finally, Raymond James upped their price target on Home Capital Group from C$18.50 to C$19.50 and gave the company a market perform rating in a research report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of C$24.75.

HCG stock traded up C$0.28 during midday trading on Thursday, reaching C$24.98. 246,409 shares of the stock were exchanged, compared to its average volume of 301,309. The company has a market cap of $1.88 billion and a PE ratio of 14.87. Home Capital Group has a 52 week low of C$12.48 and a 52 week high of C$25.45. The firm has a fifty day moving average of C$21.32.

Home Capital Group (TSE:HCG) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.45 EPS for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.03). The business had revenue of C$103.82 million during the quarter, compared to analysts’ expectations of C$104.50 million. As a group, analysts anticipate that Home Capital Group will post 2.5099997 earnings per share for the current fiscal year.

Home Capital Group Company Profile

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides deposit, mortgage lending, retail credit, and credit card issuing services in Canada. It offers various deposit products, such as savings accounts; and single-family residential and insured residential lending, as well as residential and non-residential commercial mortgage lending services.

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