TD Securities Raises Home Capital Group (TSE:HCG) Price Target to C$35.00

Home Capital Group (TSE:HCG) had its target price lifted by TD Securities from C$28.00 to C$35.00 in a research report sent to investors on Thursday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other equities analysts also recently weighed in on the stock. CIBC increased their price target on shares of Home Capital Group from C$23.00 to C$25.00 in a research note on Thursday, August 8th. Raymond James reaffirmed a market perform rating and set a C$24.00 price target on shares of Home Capital Group in a research note on Tuesday, September 24th. BMO Capital Markets increased their price target on shares of Home Capital Group from C$23.00 to C$25.00 in a research note on Thursday, August 8th. Royal Bank of Canada raised shares of Home Capital Group from a sector perform rating to an outperform rating and increased their price target for the stock from C$25.00 to C$30.00 in a research note on Thursday, August 8th. Finally, National Bank Financial increased their price target on shares of Home Capital Group from C$25.00 to C$29.00 and gave the stock a sector perform rating in a research note on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of C$31.83.

TSE:HCG traded up C$0.30 during trading hours on Thursday, reaching C$35.20. 643,200 shares of the company were exchanged, compared to its average volume of 322,668. The firm has a market cap of $2.00 billion and a price-to-earnings ratio of 17.00. Home Capital Group has a 52-week low of C$13.34 and a 52-week high of C$35.49. The stock has a 50 day simple moving average of C$27.10 and a 200 day simple moving average of C$22.85.

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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