Genworth MI Canada (MIC) Price Target Raised to C$42.00 at Royal Bank of Canada
Genworth MI Canada (TSE:MIC) had its price objective boosted by Royal Bank of Canada from C$41.00 to C$42.00 in a research note released on Wednesday. The brokerage currently has an underperform rating on the stock.
A number of other equities research analysts have also commented on the company. National Bank Financial raised Genworth MI Canada from a sector perform rating to an outperform rating and increased their price target for the company from C$43.00 to C$46.00 in a research report on Thursday, November 2nd. TD Securities lowered Genworth MI Canada from a buy rating to a hold rating and increased their price target for the company from C$45.00 to C$46.00 in a research report on Thursday, December 7th. Scotiabank increased their price target 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, November 6th. Finally, CIBC lowered Genworth MI Canada from an outperform rating to a neutral rating and increased their price target for the company from C$45.00 to C$46.00 in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of C$46.50.
Shares of Genworth MI Canada (TSE MIC) opened at C$40.95 on Wednesday. The company has a market capitalization of $3,720.00, a price-to-earnings ratio of 7.12 and a beta of 1.64. Genworth MI Canada has a 12-month low of C$30.38 and a 12-month high of C$44.49.
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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