Genworth MI Canada Inc (MIC) Receives Average Rating of “Hold” from Analysts
Genworth MI Canada Inc (TSE:MIC) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$44.67.
Several equities analysts recently commented on the company. National Bank Financial raised Genworth MI Canada from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$43.00 to C$46.00 in a research report on Thursday, November 2nd. TD Securities lowered Genworth MI Canada from a “buy” rating to a “hold” rating and upped their target price for the company from C$45.00 to C$46.00 in a research report on Thursday, December 7th. Royal Bank of Canada lowered Genworth MI Canada from a “sector perform” rating to an “underperform” rating and upped their target price for the company from C$40.00 to C$41.00 in a research report on Monday, November 6th. Scotiabank boosted their price target on Genworth MI Canada from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a report on Monday, November 6th. Finally, CIBC downgraded Genworth MI Canada from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from C$45.00 to C$46.00 in a research note on Monday, November 6th.
Shares of Genworth MI Canada (TSE MIC) traded up C$0.05 during mid-day trading on Friday, hitting C$42.94. The stock had a trading volume of 230,538 shares, compared to its average volume of 217,259. Genworth MI Canada has a twelve month low of C$30.38 and a twelve month high of C$44.49.
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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