Home Capital Group (OTCMKTS:HMCBF) Stock Price Down 0.4%

Home Capital Group Inc. (OTCMKTS:HMCBF)’s share price dropped 0.4% during trading on Wednesday . The company traded as low as $24.85 and last traded at $24.85. Approximately 500 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 4,813 shares. The stock had previously closed at $24.94.

A number of brokerages have issued reports on HMCBF. National Bank Financial raised their target price on shares of Home Capital Group and gave the stock an “outperform” rating in a report on Monday, January 25th. Scotiabank lifted their price target on Home Capital Group from $36.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, February 19th. Royal Bank of Canada increased their price objective on Home Capital Group from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, February 19th. Finally, Stifel Nicolaus lifted their target price on Home Capital Group from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, February 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $34.60.

The company’s 50 day moving average price is $25.12 and its 200-day moving average price is $22.19.

About Home Capital Group (OTCMKTS:HMCBF)

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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