Home Capital Gets a Hold Rating from Scotiabank

By Jason Carr

In a new note to investors yesterday, an analyst has provided a rating update for the Financial sector company, Home Capital (TSX: HCG). The company received a Hold rating from Scotiabank’s analyst Phil Hardie, with a C$18 price target.

Hardie has an average return of 24.9% when recommending Home Capital.

According to TipRanks.com, Hardie is ranked #1114 out of 4600 analysts.

Currently, the analyst consensus on Home Capital is Moderate Buy and the average price target is C$17.69, representing a 4.1% upside.

In a report issued on June 15, RBC Capital also upgraded the stock to Hold with a C$14 price target.

The company has a one year high of C$32.78 and a one year low of C$5.06. Currently, Home Capital has an average volume of 2.78M.

Home Capital Group, Inc. is an investment holding company that 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 Friday at $17.