RBC RAISES <HCG.TO.> TARGET BY WHOPPING 25% TO $20.00
RBC raises their <HCG.TO> price target today by 25% from C$16 to C$20 yet the only article that can be found describes this bold target increase as Reiterates hold? Once again it looks like these firms are trying to set the stage as "I told you so" after <HCG.TO> jumps to +C$30 while their own trading desks are busily trying to accumulate stock without pushing the meter. Hold tight longs because the intrinsic value is closer to $28 and there is little reason why <HCG.TO> should not be at +C$30 in quick fashion. Just take a peek at EQB for comparison and think carefully about how <HCG.TO> indicated the new regulation changes and interest rate increases are actually supporting their bottom line which is in stark contrast to what many of the analysts have been saying.
https://www.tipranks.com/analysts/geoffrey-kwan/?ref=SA_WIDGET
https://www.smarteranalyst.com/brief/rbc-capital-reiterates-their-hold-rating-on-home-capital-hcg/