Genworth MI Canada Inc (MIC) Given New C$32.00 Price Target at Royal Bank Of Canada
Genworth MI Canada Inc (TSE:MIC) had its price target cut by Royal Bank Of Canada from C$36.00 to C$32.00 in a research report sent to investors on Thursday, StockTargetPrices.com reports. They currently have a sector perform rating on the stock.
A number of other equities analysts have also recently commented on MIC. RBC Capital Markets raised their target price on Genworth MI Canada from C$35.00 to C$36.00 and gave the stock a sector perform rating in a report on Wednesday, August 3rd. Scotiabank reissued a sector perform rating and set a C$35.00 price target on shares of Genworth MI Canada in a report on Wednesday, August 3rd. TD Securities reissued a hold rating and set a C$38.00 price target on shares of Genworth MI Canada in a report on Wednesday, August 3rd. CIBC raised their price target on Genworth MI Canada from C$33.50 to C$37.00 and gave the company a sector perform rating in a report on Thursday, August 4th. Finally, BMO Capital Markets decreased their price target on Genworth MI Canada from C$40.00 to C$38.00 and set an outperform rating on the stock in a report on Wednesday. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of C$35.43.
Genworth MI Canada (TSE:MIC) traded down 4.19% during midday trading on Thursday, hitting $29.03. The stock had a trading volume of 228,166 shares. The stock’s 50-day moving average is $33.94 and its 200-day moving average is $33.23. Genworth MI Canada has a 1-year low of $22.14 and a 1-year high of $36.35. The company has a market capitalization of $2.67 billion and a PE ratio of 7.39.
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