Genworth MI Canada (TSE:MIC) had its price target increased by investment analysts at Royal Bank of Canada from C$41.00 to C$42.00 in a research note issued on Wednesday. The firm currently has an “underperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 0.36% from the company’s previous close.
Several other equities analysts have also recently commented on the stock. National Bank Financial upgraded shares of Genworth MI Canada from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$43.00 to C$46.00 in a research report on Thursday, November 2nd. TD Securities cut shares of Genworth MI Canada from a “buy” rating to a “hold” rating and boosted their target price for the company from C$45.00 to C$46.00 in a research report on Thursday, December 7th. Scotiabank boosted their target price on shares of Genworth MI Canada from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Monday, November 6th. Finally, CIBC cut shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and boosted their target price for the company from C$45.00 to C$46.00 in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of C$46.50.
Genworth MI Canada (TSE MIC) opened at C$41.85 on Wednesday. The company has a market cap of $3,890.00, a P/E ratio of 7.19 and a beta of 1.64. Genworth MI Canada has a 12-month low of C$30.38 and a 12-month high of C$44.49.
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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