Genworth MI Canada Inc (TSE:MIC) Given Average Rating of “Buy” by Analysts
Genworth MI Canada Inc (TSE:MIC) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$39.33.
Several research analysts have weighed in on the company. Scotiabank reissued a “sector perform” rating and issued a C$37.00 price objective on shares of Genworth MI Canada in a research report on Wednesday, May 3rd. TD Securities reissued a “buy” rating and issued a C$43.00 price objective on shares of Genworth MI Canada in a research report on Thursday, May 4th. CIBC boosted their price objective on Genworth MI Canada from C$40.00 to C$43.00 in a research report on Thursday, May 4th. BMO Capital Markets reissued an “outperform” rating and issued a C$41.00 price objective on shares of Genworth MI Canada in a research report on Thursday, May 4th. Finally, National Bank Financial reissued a “sector perform” rating and issued a C$36.00 price objective on shares of Genworth MI Canada in a research report on Tuesday, May 2nd.
Genworth MI Canada (TSE:MIC) traded down 0.74% during midday trading on Tuesday, hitting $34.73. The stock had a trading volume of 88,295 shares. The stock has a market capitalization of $3.19 billion and a PE ratio of 7.33. The stock’s 50-day moving average is $32.97 and its 200-day moving average is $34.86. Genworth MI Canada has a 1-year low of $27.39 and a 1-year high of $39.00.
In other Genworth MI Canada news, Director Stuart Kendrick Levings acquired 1,552 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were acquired at an average price of C$32.21 per share, with a total value of C$49,989.92. Also, Director Neil Reginald Parkinson purchased 4,800 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were purchased at an average cost of C$31.36 per share, for a total transaction of C$150,528.00. In the last three months, insiders acquired 7,816 shares of company stock worth $250,543.
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.
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