Genworth MI Canada Inc (TSE:MIC) had its price objective increased by stock analysts at TD Securities from C$43.00 to C$44.00 in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 17.77% from the stock’s previous close.

A number of other brokerages have also recently commented on MIC. BMO Capital Markets reissued an “outperform” rating and set a C$43.00 target price on shares of Genworth MI Canada in a report on Thursday. National Bank Financial reissued 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. CIBC increased their target price on Genworth MI Canada from C$40.00 to C$43.00 in a report on Thursday, May 4th. Royal Bank Of Canada increased their target price on Genworth MI Canada from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Scotiabank reissued 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Genworth MI Canada currently has an average rating of “Buy” and an average target price of C$41.83.

Shares of Genworth MI Canada (MIC) opened at 37.36 on Thursday. Genworth MI Canada has a 1-year low of $27.39 and a 1-year high of $39.00. The firm has a 50-day moving average price of $35.15 and a 200-day moving average price of $35.09. The company has a market cap of $3.44 billion and a P/E ratio of 6.95.

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In related news, Director Stuart Kendrick Levings purchased 1,552 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average price of C$32.21 per share, with a total value of C$49,989.92. Also, Director Neil Reginald Parkinson purchased 4,800 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was bought at an average cost of C$31.36 per share, with a total value of C$150,528.00. Insiders have acquired 7,816 shares of company stock valued at $250,543 in the last three months.

Genworth MI Canada Company Profile

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.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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