Home Capital Group (TSE:HCG) Reaches New 52-Week High at $37.05

Home Capital Group Inc. (TSE:HCG)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$37.05 and last traded at C$36.97, with a volume of 58628 shares. The stock had previously closed at C$36.12.

HCG has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of Home Capital Group from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 14th. National Bankshares upped their price target on shares of Home Capital Group from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research report on Friday, May 14th. National Bank Financial upped their price target on shares of Home Capital Group to C$46.00 and gave the company an “outperform” rating in a research report on Friday, May 14th. Raymond James upped their price target on shares of Home Capital Group from C$36.00 to C$38.00 and gave the company a “market perform” rating in a research report on Friday, May 14th. Finally, TD Securities boosted their price objective on shares of Home Capital Group from C$39.00 to C$43.00 and gave the company a “buy” rating in a research note on Friday, May 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$43.14.

The company has a 50-day moving average price of C$33.39. The firm has a market cap of C$1.87 billion and a price-to-earnings ratio of 9.02.

Home Capital Group (TSE:HCG) last released its quarterly earnings data on Thursday, May 13th. The company reported C$1.26 EPS for the quarter, topping the consensus estimate of C$1.00 by C$0.26. The business had revenue of C$139.60 million during the quarter, compared to analysts’ expectations of C$139.81 million. As a group, sell-side analysts predict that Home Capital Group Inc. will post 4.6700002 EPS for the current fiscal year.

In other news, Senior Officer John Hong sold 1,678 shares of the stock in a transaction dated Tuesday, May 25th. The shares were sold at an average price of C$35.19, for a total transaction of C$59,045.46.

Home Capital Group Company Profile (TSE:HCG)

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and nonresidential mortgage lending, securitization of residential mortgage products, consumer lending, and credit card services in Canada. It offers deposits through brokers and financial planners under the Oaken Financial brand.

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