The stock of Genworth MI Canada Inc (TSE:MIC) is a huge mover today! About 118,324 shares traded hands. Genworth MI Canada Inc (TSE:MIC) has declined 1.05% since March 28, 2016 and is downtrending. It has underperformed by 4.07% the S&P500.
The move comes after 9 months negative chart setup for the $2.64B company. It was reported on Nov, 1 by Barchart.com. We have $26.64 PT which if reached, will make TSE:MIC worth $184.80 million less.
Genworth MI Canada Inc (TSE:MIC) Ratings Coverage
Out of 5 analysts covering Genworth MI Canada (TSE:MIC), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. $39 is the highest target while $31.50 is the lowest. The $34.10 average target is 19.06% above today’s ($28.64) stock price. Genworth MI Canada has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. IBC downgraded the shares of MIC in a report on Monday, November 2 to “Sector Underperformer” rating. On Wednesday, August 5 the stock rating was maintained by Scotia Capital with “Sector Perform”. RBC Capital Markets maintained it with “Outperform” rating and $39 target price in Tuesday, December 8 report. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Wednesday, July 20 report. The company was maintained on Monday, November 2 by Scotia Capital. On Friday, February 5 the stock rating was maintained by RBC Capital Markets with “Outperform”. IBC upgraded the stock to “Sector Perform” rating in Monday, May 2 report.
More news for Genworth MI Canada Inc (TSE:MIC) were recently published by: Finance.Yahoo.com, which released: “Genworth MI Canada Inc. Schedules Third Quarter 2016 Earnings Conference Call …” on October 25, 2016. Fool.ca‘s article titled: “Why Is Genworth MI Canada Inc. Down 9.2%?” and published on October 04, 2016 is yet another important article.
Genworth MI Canada Inc. is a Canada company, which through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, is the private residential mortgage insurer in Canada. The company has a market cap of $2.64 billion. The Firm provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. It has a 7.29 P/E ratio. The Firm offers both transactional and portfolio mortgage insurance.
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