Genworth MI Canada (TSE:MIC) had its price objective lifted by equities research analysts at BMO Capital Markets from C$48.00 to C$50.00 in a research note issued on Thursday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 18.74% from the company’s previous close.
Several other equities analysts have also weighed in on the company. National Bank Financial raised Genworth MI Canada from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$43.00 to C$46.00 in a research note on Thursday, November 2nd. TD Securities lowered Genworth MI Canada from a “buy” rating to a “hold” rating and raised their price target for the stock from C$45.00 to C$46.00 in a research report on Thursday, December 7th. Royal Bank of Canada raised their price target on Genworth MI Canada from C$41.00 to C$42.00 and gave the stock an “underperform” rating in a research report on Wednesday. Scotiabank raised their price target on Genworth MI Canada from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Monday, November 6th. Finally, CIBC lowered Genworth MI Canada from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$45.00 to C$46.00 in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$46.50.
Genworth MI Canada (TSE MIC) traded down C$0.71 during trading hours on Thursday, reaching C$42.11. The company’s stock had a trading volume of 95,698 shares, compared to its average volume of 192,819. Genworth MI Canada has a 1 year low of C$30.38 and a 1 year high of C$44.49. The firm has a market capitalization of $3,890.00, a price-to-earnings ratio of 7.24 and a beta of 1.64.
Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.
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