Genworth MI Canada Inc (MIC) Price Target Cut to C$35.00
Genworth MI Canada Inc (TSE:MIC) had its target price decreased by CIBC from C$37.00 to C$35.00 in a research note issued to investors on Thursday. CIBC’s target price points to a potential upside of 20.52% from the company’s current price.
Several other equities research analysts have also recently issued reports on the company. Royal Bank Of Canada cut Genworth MI Canada from an “outperform” rating to a “sector perform” rating and set a C$35.00 price objective on the stock. in a report on Wednesday, July 20th. BMO Capital Markets lowered their price objective 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, October 5th. RBC Capital Markets lifted their price objective 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 issued a C$36.00 target price on shares of Genworth MI Canada in a research note on Monday, September 26th. Finally, TD Securities reissued a “hold” rating and issued a C$38.00 target price on shares of Genworth MI Canada in a research note on Wednesday, August 3rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Genworth MI Canada has an average rating of “Hold” and an average target price of C$35.14.
Genworth MI Canada (TSE:MIC) opened at 29.04 on Thursday. The company has a market cap of $2.67 billion and a PE ratio of 7.39. Genworth MI Canada has a 52 week low of $22.14 and a 52 week high of $36.35. The company has a 50-day moving average price of $33.07 and a 200 day moving average price of $33.19.
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