BUZZ-Home Capital Group Inc: Brokerages cut ratings, PTs

Mon Jul 13, 2015 11:35am EDT
 
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** Canadian mortgage lending company's shares down 14.31 pct at C$36, touch lowest since September 2013

** At least 3 brokerages cut target prices following company's update on Q2 origination volumes

** National Bank Financial cuts to C$50 from C$51; RBC to C$39 from C$48; TD Securities to C$46 from C$53

** RBC cuts to "underperform" from "sector perform"; TD Securities to "hold" from "buy"

** 6 of 9 brokerages rate the stock "hold" or lower, 2 "buy" and 1 "strong buy"; median PT is C$45.50

** Up to Monday's close, stock had fallen 12.5 pct this year