Home Capital Group Inc (TSE:HCG): RBC Capital Markets Reiterates “Underperform” Rating Today, Has a Target of $36.00/Share


Home Capital Group Inc (TSE:HCG) Rating Reaffirmed

RBC Capital Markets now has a $36.00 price target on shares of Home Capital Group Inc (TSE:HCG). The price target would possibly suggest a potential upside of 23.71% from the previous stock close of Home Capital Group Inc (TSE:HCG). This rating was announced in a comprehensive report on Tuesday, 8 December.

From a total of 9 analysts covering Home Capital Group Inc. (TSE:HCG) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is $32.05 while the lowest target price is $25.05. The mean of all analyst targets is $28.82 with a 28.86% above today’s ($28.52) stock price. Home Capital Group Inc. was the topic of 9 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 8 with “Underperform” rating.

The stock decreased 5.53% or $1.67 on December 8, striking $28.52. Approximately 676,411 shares of stock traded hands or 209.74% up from the average. Home Capital Group Inc (TSE:HCG) has declined 37.57% since May 6, 2015 and is downtrending. It has underperformed by 36.77% the S&P500.

Home Capital Group Inc (TSE:HCG): RBC Capital Markets Reiterates

Home Capital Group Inc. is a Canada holding firm that operates primarily through its principal, federally regulated subsidiary, Home Trust Company . The company has a market cap of $2.00 billion. The Company’s subsidiary offers residential and non-residential mortgage lending, securitization of insured residential first mortgages, consumer lending and credit card services. It has 6.41 P/E ratio. In addition, Home Trust offers deposits via brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial.