The stock of Home Capital Group Inc (TSE:HCG) is a huge mover today! About 33,293 shares traded hands. Home Capital Group Inc (TSE:HCG) has declined 27.93% since April 1, 2016 and is downtrending. It has underperformed by 29.89% the S&P500.
The move comes after 7 months positive chart setup for the $1.65B company. It was reported on Nov, 7 by Barchart.com. We have $36.11 PT which if reached, will make TSE:HCG worth $643.50M more.
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 $32.67 average target is 25.75% above today’s ($25.98) stock price. Home Capital Group Inc. has been the topic of 21 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Underperform” on Tuesday, December 8. RBC Capital Markets maintained Home Capital Group Inc (TSE:HCG) on Thursday, November 3 with “Sector Perform” rating. As per Thursday, November 3, the company rating was maintained by Scotia Capital. The firm has “Underperform” rating given on Thursday, November 5 by RBC Capital Markets. The rating was upgraded by TD Securities to “Buy” on Friday, January 22. Scotia Capital maintained Home Capital Group Inc (TSE:HCG) rating on Friday, July 31. Scotia Capital has “Sector Outperform” rating and $42 price target. Raymond James maintained the stock with “Outperform” rating in Friday, October 28 report.
Another recent and important Home Capital Group Inc (TSE:HCG) news was published by Seekingalpha.com which published an article titled: “Home Capital Group: Time To ‘Re-Charge’ Your Loan Loss Provisions” on August 23, 2016.
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 $1.65 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 6.63 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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