Time to Buy Home Capital Group Inc After Today’s Huge Decline?

 Time to Buy Home Capital Group Inc After Today's Huge Decline?

The stock of Home Capital Group Inc (TSE:HCG) is a huge mover today! About 41,509 shares traded hands. Home Capital Group Inc (TSE:HCG) has declined 26.00% since April 11, 2016 and is downtrending. It has underperformed by 29.93% the S&P500.
The move comes after 5 months negative chart setup for the $1.79B company. It was reported on Nov, 15 by Barchart.com. We have $25.49 PT which if reached, will make TSE:HCG worth $107.40M 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 $32.67 average target is 20.46% above today’s ($27.12) stock price. Home Capital Group Inc. has been the topic of 21 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Home Capital Group Inc (TSE:HCG) has “Underperform” rating given on Tuesday, December 8 by RBC Capital Markets. The firm has “Sector Perform” rating given on Thursday, November 3 by Scotia Capital. The firm earned “Sector Perform” rating on Thursday, November 3 by RBC Capital Markets. As per Friday, January 22, the company rating was upgraded by TD Securities. The firm has “Underperform” rating given on Thursday, November 5 by RBC Capital Markets. Scotia Capital maintained the stock with “Sector Outperform” rating in Friday, July 31 report. The firm earned “Outperform” rating on Friday, October 28 by Raymond James.

More important recent Home Capital Group Inc (TSE:HCG) news were published by: Nasdaq.com which released: “Home Capital Group Named Top 25 Dividend Stock With 3.87% Yield (HCG)” on November 15, 2016, also Seekingalpha.com published article titled: “Home Capital Group: Time To ‘Re-Charge’ Your Loan Loss Provisions”, Seekingalpha.com published: “A Family Affair At Home Capital Group: Did Re-Charge Just Open Pandora’s Box?” on September 29, 2016. More interesting news about Home Capital Group Inc (TSE:HCG) was released by: Seekingalpha.com and their article: “Home Capital Group: Business Model Confuses Market” with publication date: August 05, 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 $1.79 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 6.92 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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