Genworth MI Canada Inc (TSE:MIC) had its price objective hoisted by stock analysts at National Bank Financial from C$40.00 to C$43.00 in a report issued on Tuesday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 7.72% from the company’s current price.

Other equities analysts have also recently issued reports about the company. 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 report on Thursday, August 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a C$43.00 price target on shares of Genworth MI Canada in a research report on Thursday, August 3rd. Royal Bank Of Canada lifted their price target on Genworth MI Canada from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. 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 report on Thursday, August 3rd. Finally, CIBC lifted their price target on Genworth MI Canada from C$43.00 to C$45.00 in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$42.33.

Genworth MI Canada (TSE MIC) traded up 0.94% during mid-day trading on Tuesday, hitting $39.92. The stock had a trading volume of 229,925 shares. Genworth MI Canada has a 52 week low of $27.39 and a 52 week high of $40.00. The stock has a market capitalization of $3.67 billion and a P/E ratio of 7.43. The company’s 50 day moving average is $37.46 and its 200-day moving average is $35.40.

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In related news, Director Brian Leo Hurley sold 15,100 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$35.98, for a total transaction of C$543,298.00. Also, insider Winsor James Macdonell sold 8,400 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of C$38.00, for a total value of C$319,200.00. Over the last 90 days, insiders have sold 122,775 shares of company stock valued at $4,554,196.

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.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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