RBC Capital Markets Trims Genworth MI Canada Inc (MIC) Target Price to C$32.00
Genworth MI Canada Inc (TSE:MIC) had its price objective trimmed by RBC Capital Markets from C$36.00 to C$32.00 in a research note released on Thursday morning. The brokerage currently has a sector perform rating on the stock.
A number of other brokerages also recently issued reports on MIC. Royal Bank Of Canada downgraded shares of Genworth MI Canada from an outperform rating to a sector perform rating and set a C$35.00 price target for the company. in a report on Wednesday, July 20th. CIBC raised their price target on shares of Genworth MI Canada from C$33.50 to C$37.00 and gave the stock a sector perform rating in a report on Thursday, August 4th. BMO Capital Markets cut their price target on shares of Genworth MI Canada from C$40.00 to C$38.00 and set an outperform rating for the company in a report on Wednesday, October 5th. Scotiabank reiterated a sector perform rating and issued a C$35.00 target price on shares of Genworth MI Canada in a report on Wednesday, August 3rd. Finally, TD Securities reiterated a hold rating and issued a C$38.00 target price on shares of Genworth MI Canada in a report on Wednesday, August 3rd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of C$35.43.
Genworth MI Canada (TSE:MIC) opened at 28.97 on Thursday. Genworth MI Canada has a 12 month low of $22.14 and a 12 month high of $36.35. The stock’s 50 day moving average price is $33.76 and its 200-day moving average price is $33.29. The firm has a market capitalization of $2.66 billion and a P/E ratio of 7.37.
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