Analysts Set Genworth MI Canada Inc (MIC) Target Price at $48.08

Genworth MI Canada Inc (TSE:MIC) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$48.08.

A number of equities analysts have recently weighed in on MIC shares. CIBC boosted their price target on Genworth MI Canada from C$46.00 to C$48.50 in a report on Wednesday, August 1st. National Bank Financial boosted their price target on Genworth MI Canada from C$50.00 to C$51.00 and gave the stock a “c$45.25” rating in a report on Monday, July 23rd. Finally, BMO Capital Markets boosted their price target on Genworth MI Canada from C$50.00 to C$51.00 in a report on Thursday, August 2nd.

In related news, Director Cecilia Carbonelli sold 2,529 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of C$43.75, for a total value of C$110,643.75.

MIC traded down C$0.85 during trading on Thursday, reaching C$39.61. 329,379 shares of the stock were exchanged, compared to its average volume of 172,376. Genworth MI Canada has a 1 year low of C$38.00 and a 1 year high of C$46.75.

Genworth MI Canada (TSE:MIC) last posted its earnings results on Tuesday, July 31st. The company reported C$1.31 EPS for the quarter, topping the Zacks’ consensus estimate of C$1.21 by C$0.10. Genworth MI Canada had a return on equity of 13.53% and a net margin of 70.53%. The company had revenue of C$171.27 million for the quarter, compared to the consensus estimate of C$172.00 million.

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Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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