Genworth MI Canada (TSE:MIC) Price Target Increased to C$46.00 by Analysts at CIBC

Genworth MI Canada (TSE:MIC) had its price objective raised by CIBC from C$45.00 to C$46.00 in a report issued on Monday morning, BayStreet.CA reports.

Several other equities analysts have also recently weighed in on MIC. National Bank Financial cut Calfrac Well Services from an outperform market weight rating to a sector perform overweight rating in a research report on Wednesday, May 1st. Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 485 ($6.34) price target on shares of in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of C$50.40.

Shares of TSE:MIC opened at C$43.92 on Monday. Genworth MI Canada has a 52-week low of C$38.18 and a 52-week high of C$46.80. The company has a current ratio of 0.26, a quick ratio of 0.20 and a debt-to-equity ratio of 11.23. The business has a 50 day moving average price of C$43.11. The company has a market capitalization of $3.88 billion and a price-to-earnings ratio of 9.31.

Genworth MI Canada (TSE:MIC) last issued its quarterly earnings results on Tuesday, April 30th. The company reported C$1.35 EPS for the quarter. The business had revenue of C$168.54 million for the quarter. On average, equities research analysts expect that Genworth MI Canada will post 5.3000003 earnings per share for the current year.

In related news, Senior Officer Philip Adrian Virgil Mayers sold 6,400 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$41.95, for a total value of C$268,480.00. Following the transaction, the insider now directly owns 20,912 shares of the company’s stock, valued at approximately C$877,258.40.

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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