Royal Bank Of Canada Lowers Genworth MI Canada Inc (MIC) to Underperform
Royal Bank Of Canada cut shares of Genworth MI Canada Inc (TSE:MIC) from a sector perform rating to an underperform rating in a research report report published on Monday. They currently have C$41.00 price target on the stock, up from their previous price target of C$40.00.
Several other research firms have also issued reports on MIC. National Bank Financial boosted their price target on Genworth MI Canada from C$43.00 to C$46.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. Scotiabank upped their target price on Genworth MI Canada from C$40.00 to C$44.00 and gave the company a sector perform rating in a research report on Monday. CIBC lowered Genworth MI Canada from an outperform rating to a neutral rating and upped their target price for the company from C$45.00 to C$46.00 in a research report on Monday. TD Securities upped 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. Finally, BMO Capital Markets reiterated 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$44.00.
Genworth MI Canada (TSE MIC) opened at C$42.50 on Monday. Genworth MI Canada has a 52 week low of C$28.96 and a 52 week high of C$44.18.
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In other Genworth MI Canada news, Director Brian Leo Hurley sold 15,100 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of C$35.98, for a total value of C$543,298.00. Also, insider Winsor James Macdonell sold 8,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$37.00, for a total value of C$296,000.00.
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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