Brokerages Set Genworth MI Canada Inc (MIC) Target Price at $39.33
Shares of Genworth MI Canada Inc (TSE:MIC) have been given an average rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$39.33.
Several brokerages have recently commented on MIC. TD Securities restated a “buy” rating and set a C$43.00 target price on shares of Genworth MI Canada in a report on Thursday, May 4th. BMO Capital Markets restated an “outperform” rating and set a C$41.00 target price on shares of Genworth MI Canada in a report on Thursday, May 4th. Scotiabank restated a “sector perform” rating and set a C$37.00 target price on shares of Genworth MI Canada in a report on Wednesday, May 3rd. National Bank Financial restated a “sector perform” rating and set a C$36.00 target price on shares of Genworth MI Canada in a report on Tuesday, May 2nd. Finally, CIBC increased their target price on Genworth MI Canada from C$40.00 to C$43.00 in a report on Thursday, May 4th.
Genworth MI Canada (TSE:MIC) traded down 1.12% during trading on Friday, hitting $36.19. 151,542 shares of the stock were exchanged. The company has a market cap of $3.33 billion and a price-to-earnings ratio of 7.64. The stock’s 50 day moving average is $32.61 and its 200-day moving average is $34.76. Genworth MI Canada has a one year low of $27.39 and a one year high of $39.00.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 30th. Stockholders of record on Friday, May 12th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Wednesday, May 10th.
ILLEGAL ACTIVITY NOTICE: “Brokerages Set Genworth MI Canada Inc (MIC) Target Price at $39.33” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/06/26/brokerages-set-genworth-mi-canada-inc-mic-target-price-at-39-33.html.
In related news, Director Stuart Kendrick Levings bought 1,464 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were purchased at an average price of C$34.17 per share, with a total value of C$50,024.88. Also, Director Neil Reginald Parkinson bought 4,800 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was bought at an average cost of C$31.36 per share, for a total transaction of C$150,528.00. Insiders have bought 7,816 shares of company stock worth $250,543 in the last ninety days.
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.
Receive News & Ratings for Genworth MI Canada Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth MI Canada Inc and related companies with MarketBeat.com's FREE daily email newsletter.