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Home Capital Group Inc HMCBF


Primary Symbol: T.HCG

Home Capital Group Inc. is a Canada-based holding company that operates through its principal subsidiary, Home Trust Company (Home Trust). Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank offer deposits through brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Its mortgage lending includes classic single-family residential lending, insured residential lending, residential commercial lending, and non-residential commercial lending. Its consumer lending loan portfolio comprises credit cards, lines of credit and other consumer retail loans. In addition, the Company manages a treasury portfolio to support liquidity requirements and invest excess capital.


TSX:HCG - Post by User

Bullboard Posts
Post by IntrinsicValue1on Nov 08, 2018 3:53pm
84 Views
Post# 28946235

RBC RAISES <HCG.TO.> TARGET BY WHOPPING 25% TO $20.00

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/

Bullboard Posts