Genworth MI Canada Inc (MIC) PT Lowered to C$32.00
Genworth MI Canada Inc (TSE:MIC) had its price objective cut by RBC Capital Markets from C$36.00 to C$32.00 in a research report issued to clients and investors on Thursday. The firm presently has a “sector perform” rating on the stock. RBC Capital Markets’ price target indicates a potential upside of 6.03% from the company’s previous close.
MIC has been the subject of a number of other research reports. Scotiabank reissued a “sector perform” rating and set a C$36.00 price target on shares of Genworth MI Canada in a research report on Monday, September 26th. TD Securities reissued a “hold” rating and set a C$38.00 price target on shares of Genworth MI Canada in a research report on Wednesday, August 3rd. Royal Bank Of Canada lowered their price target on Genworth MI Canada from C$36.00 to C$32.00 and set a “sector perform” rating for the company in a research report on Thursday. BMO Capital Markets decreased their target price on Genworth MI Canada from C$40.00 to C$38.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, CIBC upped their target price on Genworth MI Canada from C$33.50 to C$37.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 4th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$35.43.
Shares of Genworth MI Canada (TSE:MIC) traded up 0.27% during midday trading on Thursday, hitting $30.26. The stock had a trading volume of 96,064 shares. Genworth MI Canada has a one year low of $22.14 and a one year high of $36.35. The stock has a 50 day moving average of $34.07 and a 200-day moving average of $33.25. The company has a market cap of $2.78 billion and a P/E ratio of 7.70.
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