Genworth MI Canada (TSE:MIC) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a report issued on Thursday. They currently have a C$46.00 price objective on the stock, up from their prior price objective of C$45.00. TD Securities’ price target points to a potential upside of 3.84% from the stock’s current price.

MIC has been the subject of a number of other reports. Scotiabank lifted their target price on Genworth MI Canada from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Monday, November 6th. National Bank Financial lifted their target price on Genworth MI Canada from C$40.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 24th. CIBC downgraded Genworth MI Canada from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from C$45.00 to C$46.00 in a research report on Monday, November 6th. Finally, Royal Bank Of Canada downgraded Genworth MI Canada from a “sector perform” rating to an “underperform” rating and boosted their price objective for the stock from C$40.00 to C$41.00 in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Genworth MI Canada has a consensus rating of “Hold” and an average price target of C$44.67.

Shares of Genworth MI Canada (TSE:MIC) traded up C$0.87 during mid-day trading on Thursday, reaching C$44.30. The company’s stock had a trading volume of 274,243 shares, compared to its average volume of 215,897. Genworth MI Canada has a 12 month low of C$30.38 and a 12 month high of C$44.49.

In other news, insider Winsor James Macdonell sold 8,000 shares of the business’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.

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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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