Genworth MI Canada Inc (TSE:MIC) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$44.67.

Several brokerages have recently weighed in on MIC. National Bank Financial upgraded shares of Genworth MI Canada from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$43.00 to C$46.00 in a report on Thursday, November 2nd. Royal Bank of Canada lowered shares of Genworth MI Canada from a “sector perform” rating to an “underperform” rating and upped their price objective for the company from C$40.00 to C$41.00 in a report on Monday, November 6th. TD Securities lowered shares of Genworth MI Canada from a “buy” rating to a “hold” rating and upped their price objective for the company from C$45.00 to C$46.00 in a report on Thursday, December 7th. CIBC lowered shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and upped their price objective for the company from C$45.00 to C$46.00 in a report on Monday, November 6th. Finally, Scotiabank upped their price objective on shares of 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.

Shares of Genworth MI Canada (TSE:MIC) traded up C$0.33 during midday trading on Tuesday, hitting C$42.61. 198,062 shares of the stock traded hands, compared to its average volume of 223,320. Genworth MI Canada has a 52-week low of C$30.38 and a 52-week high of C$44.49. The firm has a market capitalization of $3,880.00, a price-to-earnings ratio of 7.32 and a beta of 1.75.

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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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