Home Capital Group Inc Declines Again; Strong Momentum for Sellers

 Home Capital Group Inc Declines Again; Strong Momentum for Sellers

The stock of Home Capital Group Inc (TSE:HCG) is a huge mover today! About 85,222 shares traded hands. Home Capital Group Inc (TSE:HCG) has declined 23.82% since March 28, 2016 and is downtrending. It has underperformed by 26.83% the S&P500.
The move comes after 7 months negative chart setup for the $1.71B company. It was reported on Nov, 1 by Barchart.com. We have $24.69 PT which if reached, will make TSE:HCG worth $102.60 million less.

Home Capital Group Inc (TSE:HCG) Ratings Coverage

Out of 4 analysts covering Home Capital Group Inc. (TSE:HCG), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $42 is the highest target while $27 is the lowest. The $33.67 average target is 28.17% above today’s ($26.27) stock price. Home Capital Group Inc. has been the topic of 18 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Sector Outperform” rating by Scotia Capital given on Friday, July 31. RBC Capital Markets maintained Home Capital Group Inc (TSE:HCG) on Thursday, November 5 with “Underperform” rating. The rating was upgraded by TD Securities on Friday, January 22 to “Buy”. The firm has “Outperform” rating by Raymond James given on Friday, October 28. The firm earned “Underperform” rating on Tuesday, December 8 by RBC Capital Markets.

More recent Home Capital Group Inc (TSE:HCG) news were published by: Seekingalpha.com which released: “Home Capital Group: Time To ‘Re-Charge’ Your Loan Loss Provisions” on August 23, 2016. Also Seekingalpha.com published the news titled: “A Family Affair At Home Capital Group: Did Re-Charge Just Open Pandora’s Box?” on September 29, 2016. Seekingalpha.com‘s news article titled: “Home Capital Group: Business Model Confuses Market” with publication date: August 05, 2016 was also an interesting one.

Home Capital Group Inc. is a Canada holding company, which operates primarily through its subsidiary, Home Trust Company . The company has a market cap of $1.71 billion. The Company, through its subsidiary, offers residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending and credit card products. It has a 6.67 P/E ratio. Home Trust also offers deposits through brokers and financial planners, and through its direct to consumer deposit brand, Oaken Financial.

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