What’s in Home Capital Group Inc After Today’s Huge Decline?

 What's in Home Capital Group Inc After Today's Huge Decline?

The stock of Home Capital Group Inc (TSE:HCG) is a huge mover today! About 36,755 shares traded hands. Home Capital Group Inc (TSE:HCG) has declined 22.20% since April 27, 2016 and is downtrending. It has underperformed by 28.12% the S&P500.
The move comes after 5 months negative chart setup for the $1.92B company. It was reported on Dec, 1 by Barchart.com. We have $27.24 PT which if reached, will make TSE:HCG worth $153.60 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 $32.67 average target is 10.33% above today’s ($29.61) stock price. Home Capital Group Inc. has been the topic of 21 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Tuesday, December 8 the stock rating was maintained by RBC Capital Markets with “Underperform”. On Thursday, November 3 the stock rating was maintained by Scotia Capital with “Sector Perform”. TD Securities upgraded Home Capital Group Inc (TSE:HCG) rating on Friday, January 22. TD Securities has “Buy” rating and $33 price target. The stock of Home Capital Group Inc (TSE:HCG) earned “Underperform” rating by RBC Capital Markets on Thursday, November 5. On Thursday, November 3 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Scotia Capital maintained Home Capital Group Inc (TSE:HCG) on Friday, July 31 with “Sector Outperform” rating. The rating was maintained by Raymond James on Friday, October 28 with “Outperform”.

More important 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 article titled: “A Family Affair At Home Capital Group: Did Re-Charge Just Open Pandora’s Box?”, Seekingalpha.com published: “Home Capital Group: Business Model Confuses Market” on August 05, 2016. More interesting news about Home Capital Group Inc (TSE:HCG) was released by: Nasdaq.com and their article: “Home Capital Group Named Top 25 Dividend Stock With 3.87% Yield (HCG)” with publication date: November 15, 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 $1.92 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 7.55 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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