Genworth MI Canada Inc (TSE:MIC) had its target price increased by National Bank Financial from C$43.00 to C$46.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 7.08% from the stock’s current price. National Bank Financial also issued estimates for Genworth MI Canada’s Q4 2017 earnings at $1.14 EPS, FY2017 earnings at $4.90 EPS, FY2018 earnings at $4.85 EPS and FY2019 earnings at $5.11 EPS.

MIC has been the subject of several other reports. Royal Bank Of Canada upped their price objective on Genworth MI Canada from C$38.00 to C$40.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Scotiabank upped their price objective on Genworth MI Canada from C$37.00 to C$39.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a C$43.00 price objective on shares of Genworth MI Canada in a research report on Thursday, August 3rd. CIBC upped their price objective on Genworth MI Canada from C$43.00 to C$45.00 in a research report on Thursday, August 3rd. Finally, TD Securities upped their price objective on Genworth MI Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$42.83.

Genworth MI Canada (TSE MIC) traded up C$2.46 during trading hours on Friday, hitting C$42.96. The stock had a trading volume of 1,090,000 shares, compared to its average volume of 194,876. Genworth MI Canada has a twelve month low of C$27.54 and a twelve month high of C$44.18.

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In other Genworth MI Canada news, insider Winsor James Macdonell sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of C$37.00, for a total transaction of C$296,000.00. Also, Director Cecilia Carbonelli sold 1,275 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of C$37.41, for a total value of C$47,697.75. Insiders sold a total of 32,775 shares of company stock valued at $1,206,196 over the last three months.

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.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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