Genworth MI Canada Rating Reiterated by Scotiabank (MIC)
Genworth MI Canada (TSE:MIC)‘s stock had its “sector perform” rating reiterated by investment analysts at Scotiabank in a note issued to investors on Wednesday, Stock Ratings News reports.
A number of other analysts have also recently weighed in on MIC. Analysts at CIBC cut their price target on shares of Genworth MI Canada from C$36.00 to C$34.50 in a research note to investors on Monday, January 27th. They now have a “sector perform” rating on the stock. Analysts at UBS AG upgraded shares of Genworth MI Canada to a “buy” rating in a research note to investors on Monday, January 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$29.64.
Shares of Genworth MI Canada (TSE:MIC) traded up 1.29% on Wednesday, hitting $33.85. The stock had a trading volume of 158,530 shares. Genworth MI Canada has a 52-week low of $23.52 and a 52-week high of $37.44. The stock’s 50-day moving average is $35.55 and its 200-day moving average is $31.82. The company has a market cap of $3.212 billion and a price-to-earnings ratio of 6.46.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of 0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Wednesday, February 12th.
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