Genworth MI Canada Inc (TSE:MIC)‘s stock had its “sector perform” rating restated by Scotiabank in a research note issued to investors on Monday. They currently have a C$36.00 target price on the stock. Scotiabank’s target price points to a potential upside of 7.43% from the stock’s current price.
Several other brokerages have also recently weighed in on MIC. 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 research note on Wednesday, July 20th. CIBC raised their price objective on Genworth MI Canada from C$33.50 to C$37.00 and gave the company a “sector perform” rating in a research note on Thursday, August 4th. RBC Capital Markets raised their price objective on Genworth MI Canada from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 3rd. Finally, TD Securities restated a “hold” rating and set a C$38.00 price objective on shares of Genworth MI Canada in a research note on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of C$36.33.
Genworth MI Canada (TSE:MIC) traded up 0.30% during midday trading on Monday, reaching $33.61. 101,107 shares of the company traded hands. Genworth MI Canada has a one year low of $22.14 and a one year high of $36.35. The firm has a market capitalization of $3.09 billion and a price-to-earnings ratio of 8.55. The firm has a 50-day moving average price of $34.64 and a 200-day moving average price of $33.04.
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