Home Capital Group (TSE:HCG) PT Raised to C$25.00 at CIBC

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Home Capital Group (TSE:HCG) had its price objective upped by CIBC from C$23.00 to C$25.00 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 0.56% from the stock’s current price.

HCG has been the topic of several other reports. TD Securities lifted their target price 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. National Bank Financial lifted their target price 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. Royal Bank of Canada lifted their target price 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. Raymond James boosted their price objective 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. Finally, M Partners restated a “buy” rating on shares of Home Capital Group in a research report on Monday, May 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$24.75.

TSE HCG traded up C$1.49 on Thursday, hitting C$24.86. 405,514 shares of the company traded hands, compared to its average volume of 300,665. The firm has a market cap of $1.88 billion and a P/E ratio of 14.86. The business has a 50 day simple moving average of C$21.20. Home Capital Group has a 52-week low of C$12.48 and a 52-week high of C$25.45.

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

About Home Capital Group

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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