Genworth MI Canada Inc (MIC) Receives Average Rating of “Buy” from Analysts
Genworth MI Canada Inc (TSE:MIC) has received an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$41.83.
Several analysts have issued reports on MIC shares. CIBC lifted their price target on Genworth MI Canada from C$43.00 to C$45.00 in a research note on Thursday, August 3rd. TD Securities lifted their price target on Genworth MI Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets reissued an “outperform” rating and issued a C$43.00 price target on shares of Genworth MI Canada in a research note on Thursday, August 3rd. Scotiabank lifted their price target on Genworth MI Canada from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Finally, National Bank Financial lifted their price target on Genworth MI Canada from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd.
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In other news, Director Brian Leo Hurley sold 90,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of C$37.20, for a total value of C$3,348,000.00. Also, insider Winsor James Macdonell sold 8,400 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$38.00, for a total value of C$319,200.00. Insiders sold a total of 122,775 shares of company stock worth $4,554,196 in the last three months.
Shares of Genworth MI Canada (MIC) traded down 0.30% on Friday, reaching $37.03. The company’s stock had a trading volume of 467,573 shares. The company has a market cap of $3.40 billion and a P/E ratio of 6.89. Genworth MI Canada has a 52-week low of $27.39 and a 52-week high of $40.00. The company has a 50 day moving average price of $36.41 and a 200 day moving average price of $35.31.
Genworth MI Canada Company Profile
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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