Genworth MI Canada (TSE:MIC) had its price target boosted by stock analysts at BMO Capital Markets from C$50.00 to C$51.00 in a research note issued to investors on Thursday. BMO Capital Markets’ target price would suggest a potential upside of 13.33% from the company’s previous close.
Several other equities analysts have also commented on the stock. Royal Bank of Canada raised shares of Genworth MI Canada from an “underperform” rating to a “sector perform” rating and set a C$42.00 target price on the stock in a report on Monday, April 23rd. National Bank Financial raised their target price on shares of Genworth MI Canada from C$50.00 to C$51.00 and gave the company a “c$45.25” rating in a report on Monday, July 23rd. Scotiabank raised their target price on shares of Genworth MI Canada from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Thursday, May 3rd. Finally, CIBC raised their target price on shares of Genworth MI Canada from C$46.00 to C$48.50 in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Genworth MI Canada has an average rating of “Hold” and an average price target of C$48.08.
Get Genworth MI Canada alerts:Genworth MI Canada traded down C$0.52, hitting C$45.00, during mid-day trading on Thursday, Marketbeat.com reports. The stock had a trading volume of 75,981 shares, compared to its average volume of 187,250. Genworth MI Canada has a 52 week low of C$34.90 and a 52 week high of C$46.75.
Genworth MI Canada (TSE:MIC) last released its earnings results on Tuesday, May 1st. The company reported C$1.31 EPS for the quarter, beating the consensus estimate of C$1.09 by C$0.22. Genworth MI Canada had a net margin of 70.53% and a return on equity of 13.53%. The firm had revenue of C$171.00 million for the quarter.
In related news, insider Robert John Piroli sold 705 shares of Genworth MI Canada stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of C$41.56, for a total transaction of C$29,299.80. Also, insider Winsor James Macdonell sold 7,200 shares of Genworth MI Canada stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of C$41.90, for a total transaction of C$301,680.00. Over the last three months, insiders sold 63,147 shares of company stock worth $2,643,441.
Genworth MI Canada Company Profile
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