Scotiabank Keeps a Hold Rating on Home Capital (HCG)


On November 7, an analyst has provided a rating update for Home Capital (HCG). The company received a Hold on November 7 from Scotiabank’s analyst Phil Hardie, with a C$20 price target.

According to TipRanks.com, Hardie is a 3-star analyst with an average return of 3.9% and a 56.8% success rate. Hardie covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Alaris Royalty Corp, and Element Financial.

Home Capital has an analyst consensus of Hold, with a price target consensus of C$18.71, representing an 8.2% upside. In a report released yesterday, TD Securities also downgraded the stock to Hold with a C$19 price target.

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Based on Home Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$32.6 million. In comparison, last year the company had a net profit of C$29.98 million.

Home Capital Group, Inc. operates as an investment holding company which engages in the provision of financial services. It operates through its subsidiary Home Trust Co. and offers deposits, residential and non-residential mortgage lending and securitization of insured residential first mortgage products, consumer lending and deposit-taking services.

The company’s shares closed on Thursday at C$17.30.

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