Genworth MI Canada Inc (MIC) Given New C$46.00 Price Target at National Bank Financial
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.
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