Genworth MI Canada Inc (MIC) Price Target Cut to C$38.00 by Analysts at BMO Capital Markets
Genworth MI Canada Inc (TSE:MIC) had its price objective lowered by BMO Capital Markets from C$40.00 to C$38.00 in a report released on Wednesday morning. BMO Capital Markets currently has an outperform rating on the stock.
Several other analysts also recently weighed in on the company. Royal Bank Of Canada downgraded Genworth MI Canada from an outperform rating to a sector perform rating and set a C$35.00 target price on the stock. in a research note on Wednesday, July 20th. RBC Capital Markets lifted their target price on Genworth MI Canada from C$35.00 to C$36.00 and gave the company a sector perform rating in a research note on Wednesday, August 3rd. Scotiabank reaffirmed a sector perform rating and set a C$36.00 target price on shares of Genworth MI Canada in a research note on Monday, September 26th. TD Securities reaffirmed a hold rating and set a C$38.00 target price on shares of Genworth MI Canada in a research note on Wednesday, August 3rd. Finally, CIBC lifted their target price on Genworth MI Canada from C$33.50 to C$37.00 and gave the company a sector perform rating in a research note on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of C$36.57.
Shares of Genworth MI Canada (TSE:MIC) opened at 30.50 on Wednesday. The company’s 50 day moving average price is $34.07 and its 200-day moving average price is $33.25. Genworth MI Canada has a 1-year low of $22.14 and a 1-year high of $36.35. The firm has a market cap of $2.80 billion and a price-to-earnings ratio of 7.76.
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