Genworth MI Canada Inc (MIC) Price Target Cut to C$35.00 by Analysts at CIBC
Genworth MI Canada Inc (TSE:MIC) had its price objective reduced by equities researchers at CIBC from C$37.00 to C$35.00 in a research report issued on Thursday. CIBC’s price objective indicates a potential upside of 21.95% from the stock’s current price.
MIC has been the topic of several other research reports. Scotiabank restated a “sector perform” rating and issued a C$36.00 target price on shares of Genworth MI Canada in a report on Monday, September 26th. RBC Capital Markets upped their price objective on shares of Genworth MI Canada from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a report on Wednesday, August 3rd. TD Securities reiterated a “hold” rating and set a C$38.00 price objective on shares of Genworth MI Canada in a report on Wednesday, August 3rd. Royal Bank Of Canada dropped their price objective on shares of Genworth MI Canada from C$36.00 to C$32.00 and set a “sector perform” rating on the stock in a report on Thursday, October 6th. Finally, BMO Capital Markets dropped their price objective on shares of Genworth MI Canada from C$40.00 to C$38.00 and set an “outperform” rating on the stock in a report on Wednesday, October 5th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$35.14.
Genworth MI Canada (TSE:MIC) traded up 0.35% during mid-day trading on Thursday, hitting $28.70. 133,898 shares of the company were exchanged. Genworth MI Canada has a 12-month low of $22.14 and a 12-month high of $36.35. The company has a market capitalization of $2.64 billion and a P/E ratio of 7.30. The company’s 50-day moving average is $33.41 and its 200 day moving average is $33.23.
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