The stock of Genworth MI Canada Inc (TSE:MIC) is a huge mover today! About 78,502 shares traded hands. Genworth MI Canada Inc (TSE:MIC) has declined 8.98% since March 31, 2016 and is downtrending. It has underperformed by 10.07% the S&P500.
The move comes after 6 months positive chart setup for the $2.58 billion company. It was reported on Nov, 4 by Barchart.com. We have $45.17 PT which if reached, will make TSE:MIC worth $1.55B more.
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 20.79% above today’s ($28.23) stock price. Genworth MI Canada has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, February 5 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, April 29 report. IBC upgraded Genworth MI Canada Inc (TSE:MIC) on Monday, May 2 to “Sector Perform” rating. RBC Capital Markets downgraded Genworth MI Canada Inc (TSE:MIC) on Wednesday, July 20 to “Sector Perform” rating. Scotia Capital maintained the stock with “Sector Perform” rating in Monday, November 2 report. As per Wednesday, August 5, the company rating was maintained by Scotia Capital. The stock of Genworth MI Canada Inc (TSE:MIC) has “Sector Underperformer” rating given on Monday, November 2 by IBC. The firm earned “Outperform” rating on Tuesday, December 8 by RBC Capital Markets.
Another recent and important Genworth MI Canada Inc (TSE:MIC) news was published by Fool.ca which published an article titled: “Why Is Genworth MI Canada Inc. Down 9.2%?” on October 04, 2016.
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 $2.58 billion. The Firm provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. It has a 7.18 P/E ratio. The Firm offers both transactional and portfolio mortgage insurance.
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