Genworth MI Canada Inc (MIC) Receives Average Recommendation of “Hold” from Analysts

Shares of Genworth MI Canada Inc (TSE:MIC) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$44.67.

A number of equities analysts have commented on the stock. National Bank Financial raised shares of Genworth MI Canada from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$43.00 to C$46.00 in a research note on Thursday, November 2nd. Royal Bank of Canada downgraded shares of Genworth MI Canada from a “sector perform” rating to an “underperform” rating and lifted their target price for the stock from C$40.00 to C$41.00 in a research note on Monday, November 6th. TD Securities downgraded shares of Genworth MI Canada from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$45.00 to C$46.00 in a research note on Thursday, December 7th. CIBC downgraded shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$45.00 to C$46.00 in a research note on Monday, November 6th. Finally, Scotiabank boosted their price target on shares of Genworth MI Canada from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research note on Monday, November 6th.

Shares of Genworth MI Canada (MIC) traded up C$0.08 during mid-day trading on Tuesday, reaching C$42.00. 183,400 shares of the company’s stock were exchanged, compared to its average volume of 237,151. Genworth MI Canada has a one year low of C$30.38 and a one year high of C$44.49. The stock has a market capitalization of $3,820.00, a P/E ratio of 7.22 and a beta of 1.75.

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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.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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