Genworth MI Canada (MIC) PT Raised to C$48.00 at National Bank Financial

Genworth MI Canada (TSE:MIC) had its price objective lifted by National Bank Financial from C$46.00 to C$48.00 in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 8.35% from the company’s current price.

Several other research analysts have also recently issued reports on MIC. CIBC cut Genworth MI Canada from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from C$45.00 to C$46.00 in a research report on Monday, November 6th. Scotiabank upped their price objective 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, Royal Bank Of Canada cut Genworth MI Canada from a “sector perform” rating to an “underperform” rating and upped their price objective for the stock from C$40.00 to C$41.00 in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Genworth MI Canada has an average rating of “Hold” and a consensus price target of C$44.67.

Genworth MI Canada (TSE MIC) traded up C$0.87 during trading hours on Thursday, hitting C$44.30. The stock had a trading volume of 274,243 shares, compared to its average volume of 215,897. Genworth MI Canada has a twelve month low of C$30.38 and a twelve month high of C$44.49.

In other news, insider Winsor James Macdonell sold 8,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$37.00, for a total transaction of C$296,000.00.

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Genworth MI Canada Company Profile

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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