BMO Capital Markets Boosts Genworth MI Canada (MIC) Price Target to C$50.00

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.

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About Genworth MI Canada

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.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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