National Bank Financial Raises Genworth MI Canada (MIC) Price Target to C$48.00
Genworth MI Canada (TSE:MIC) had its price target boosted by stock analysts at National Bank Financial from C$46.00 to C$48.00 in a report released on Thursday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 8.35% from the company’s previous close.
Several other analysts also recently issued reports on the stock. Royal Bank Of Canada downgraded shares of Genworth MI Canada from a “sector perform” rating to an “underperform” rating and boosted their target price for the company from C$40.00 to C$41.00 in a research note on Monday, November 6th. Scotiabank boosted their target price on shares of 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. Finally, CIBC downgraded shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and boosted their target price for the company from C$45.00 to C$46.00 in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$44.67.
Shares of Genworth MI Canada (MIC) traded up C$0.87 during trading hours on Thursday, reaching C$44.30. 274,243 shares of the company’s stock traded hands, compared to its average volume of 215,897. Genworth MI Canada has a 52 week low of C$30.38 and a 52 week high of C$44.49.
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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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