Home Capital Group (TSE:HCG) Lowered to Hold at TD Securities

TD Securities downgraded shares of Home Capital Group (TSE:HCG) from a buy rating to a hold rating in a research note issued to investors on Thursday, November 8th. TD Securities currently has C$19.00 price objective on the stock.

A number of other brokerages have also commented on HCG. Raymond James dropped their price target on Home Capital Group from C$16.50 to C$16.00 and set a market perform rating on the stock in a report on Wednesday, August 15th. National Bank Financial boosted their target price on Home Capital Group from C$16.00 to C$16.50 and gave the company a c$15.56 rating in a research note on Monday, July 23rd. BMO Capital Markets restated a market perform rating and issued a C$17.00 target price on shares of Home Capital Group in a research note on Thursday, November 8th. Finally, CIBC lowered their target price on Home Capital Group from C$17.00 to C$16.00 in a research note on Wednesday, August 15th. Six investment analysts have rated the stock with a hold rating, Home Capital Group currently has an average rating of Hold and a consensus price target of C$18.43.

Home Capital Group stock traded up C$0.14 during mid-day trading on Thursday, reaching C$17.75. The stock had a trading volume of 330,546 shares, compared to its average volume of 270,863. Home Capital Group has a fifty-two week low of C$12.48 and a fifty-two week high of C$18.63.

In other news, Director Claude Lamoureux purchased 5,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was purchased at an average price of C$14.66 per share, with a total value of C$73,300.00.

About Home Capital Group

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides deposit, mortgage lending, retail credit, and credit card issuing services in Canada. It offers various deposit products, such as savings accounts; and single-family residential and insured residential lending, as well as residential and non-residential commercial mortgage lending services.

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Analyst Recommendations for Home Capital Group (TSE:HCG)

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