Genworth MI Canada (MIC) Given New C$42.00 Price Target at Royal Bank of Canada

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.

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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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