Genworth MI Canada (TSE:MIC) PT Raised to C$52.00 at TD Securities

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Genworth MI Canada (TSE:MIC) had its price target increased by TD Securities from C$50.00 to C$52.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. National Bank Financial upped their price objective on shares of Genworth MI Canada from C$51.00 to C$53.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. CIBC raised shares of Genworth MI Canada from an underperform rating to a neutral rating and upped their price objective for the stock from C$46.00 to C$48.00 in a report on Wednesday, July 31st. Royal Bank of Canada raised shares of Genworth MI Canada from a sector perform rating to an outperform rating and upped their price objective for the stock from C$48.00 to C$51.00 in a report on Tuesday, July 9th. Finally, BMO Capital Markets upped their price objective on shares of Genworth MI Canada from C$54.00 to C$57.00 in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$52.20.

Shares of MIC opened at C$52.27 on Friday. The business’s fifty day simple moving average is C$44.34. Genworth MI Canada has a 12 month low of C$38.18 and a 12 month high of C$52.54. The firm has a market cap of $4.58 billion and a price-to-earnings ratio of 11.19. The company has a current ratio of 0.27, a quick ratio of 0.19 and a debt-to-equity ratio of 11.20.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Wednesday, August 28th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Tuesday, August 13th. Genworth MI Canada’s dividend payout ratio is currently 43.66%.

About Genworth MI Canada

Genworth MI Canada Inc, through its subsidiaries, operates as a private residential mortgage insurer in Canada. It provides mortgage default insurance to residential mortgage homebuyers, lenders, brokers, and realtors. The company was founded in 1995 and is headquartered in Oakville, Canada.

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Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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