TD Securities downgraded shares of Genworth MI Canada (TSE:MIC) from a buy rating to a hold rating in a research note released on Thursday. TD Securities currently has C$46.00 price target on the stock, up from their prior price target of C$45.00.
A number of other equities research analysts have also recently commented on MIC. National Bank Financial increased their price target on Genworth MI Canada from C$46.00 to C$48.00 and gave the company an outperform rating in a research note on Thursday. Royal Bank Of Canada cut Genworth MI Canada from a sector perform rating to an underperform rating and increased their price target for the company from C$40.00 to C$41.00 in a research note on Monday, November 6th. Scotiabank increased their price target on 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. Finally, CIBC cut Genworth MI Canada from an outperform rating to a neutral rating and increased their price target for the company from C$45.00 to C$46.00 in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Genworth MI Canada has an average rating of Hold and a consensus price target of C$44.67.
Shares of Genworth MI Canada (TSE:MIC) opened at C$42.79 on Thursday. Genworth MI Canada has a 12 month low of C$30.38 and a 12 month high of C$44.49.
In other news, insider Winsor James Macdonell sold 8,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$37.00, for a total value of C$296,000.00.
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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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