Genworth MI Canada Inc (TSE:MIC) has been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$41.83.

Several equities analysts have weighed in on the company. National Bank Financial lifted their target price on Genworth MI Canada from C$37.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. TD Securities lifted their target price on Genworth MI Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$43.00 target price on shares of Genworth MI Canada in a research report on Thursday, August 3rd. Royal Bank Of Canada lifted their target price on Genworth MI Canada from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, Scotiabank lifted their target price on Genworth MI Canada from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd.

Shares of Genworth MI Canada (TSE MIC) traded down 0.11% on Friday, reaching $37.58. 97,747 shares of the company’s stock traded hands. The firm has a market capitalization of $3.46 billion and a P/E ratio of 6.99. The firm’s 50 day moving average is $36.40 and its 200 day moving average is $35.22. Genworth MI Canada has a 52 week low of $27.39 and a 52 week high of $40.00.

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In other news, Director Brian Leo Hurley sold 90,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of C$37.20, for a total transaction of C$3,348,000.00. Also, insider Winsor James Macdonell sold 8,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$37.00, for a total value of C$296,000.00. Over the last three months, insiders have sold 122,775 shares of company stock valued at $4,554,196.

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.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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