BMO Capital Markets Increases Genworth MI Canada (MIC) Price Target to C$54.00

Share on StockTwits

Genworth MI Canada (TSE:MIC) had its target price hoisted by BMO Capital Markets from C$52.00 to C$54.00 in a research report report published on Thursday morning.

Several other research firms have also issued reports on MIC. TD Securities lifted their target price on shares of Genworth MI Canada from C$47.00 to C$48.00 in a report on Tuesday. Royal Bank of Canada boosted their price objective on shares of Genworth MI Canada from C$44.00 to C$47.00 in a report on Tuesday, January 15th. Finally, CIBC lowered shares of Genworth MI Canada from a neutral rating to an underperform rating and set a C$45.00 price objective for the company. in a report on Thursday, January 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Genworth MI Canada presently has an average rating of Hold and a consensus target price of C$48.67.

Shares of MIC stock traded down C$0.08 during trading hours on Thursday, hitting C$45.16. 270,832 shares of the company’s stock traded hands, compared to its average volume of 217,758. Genworth MI Canada has a 12-month low of C$38.00 and a 12-month high of C$46.80. The firm has a market capitalization of $3.96 billion and a price-to-earnings ratio of 8.13. The company has a debt-to-equity ratio of 10.86, a quick ratio of 0.18 and a current ratio of 0.28.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 6th. Investors of record on Friday, February 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 4.52%. Genworth MI Canada’s payout ratio is currently 34.55%.

In related news, insider Craig Sweeney sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of C$43.69, for a total value of C$109,225.00.

Genworth MI Canada Company Profile

Recommended Story: How accurate is the Rule of 72?

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

Receive News & Ratings for Genworth MI Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth MI Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Chegg  PT Raised to $45.00 at Craig Hallum
Chegg PT Raised to $45.00 at Craig Hallum
Zacks Investment Research Downgrades Control4  to Sell
Zacks Investment Research Downgrades Control4 to Sell
Meredith  Stock Rating Reaffirmed by Benchmark
Meredith Stock Rating Reaffirmed by Benchmark
Entergy  PT Raised to $91.00 at Morgan Stanley
Entergy PT Raised to $91.00 at Morgan Stanley
AFLAC Incorporated  Shares Sold by Chesapeake Asset Management LLC
AFLAC Incorporated Shares Sold by Chesapeake Asset Management LLC
Target Co.  Shares Sold by Canandaigua National Bank & Trust Co.
Target Co. Shares Sold by Canandaigua National Bank & Trust Co.


Leave a Reply

© 2006-2019 Ticker Report