Genworth MI Canada Inc (MIC) PT Raised to C$44.00
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.
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