Is Buying Genworth MI Canada Inc Here a Winning Strategy?

 Is Buying Genworth MI Canada Inc Here a Winning Strategy?

The stock of Genworth MI Canada Inc (TSE:MIC) is a huge mover today! About 74,106 shares traded hands. Genworth MI Canada Inc (TSE:MIC) has declined 5.15% since April 13, 2016 and is downtrending. It has underperformed by 9.77% the S&P500.
The move comes after 8 months positive chart setup for the $2.86 billion company. It was reported on Nov, 17 by Barchart.com. We have $51.60 PT which if reached, will make TSE:MIC worth $1.92B 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 $33.70 average target is 9.06% above today’s ($30.9) stock price. Genworth MI Canada has been the topic of 15 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, February 5 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, July 20. The company was downgraded on Monday, November 2 by IBC. On Monday, November 2 the stock rating was maintained by Scotia Capital with “Sector Perform”. As per Wednesday, August 5, the company rating was maintained by Scotia Capital. The rating was maintained by RBC Capital Markets on Friday, April 29 with “Outperform”. As per Friday, November 4, the company rating was maintained by Scotia Capital. IBC upgraded Genworth MI Canada Inc (TSE:MIC) rating on Monday, May 2. IBC has “Sector Perform” rating and $33.50 price target. The stock of Genworth MI Canada Inc (TSE:MIC) has “Outperform” rating given on Tuesday, December 8 by RBC Capital Markets.

More news for Genworth MI Canada Inc (TSE:MIC) were recently published by: Fool.ca, which released: “Why Is Genworth MI Canada Inc. Down 9.2%?” on October 04, 2016. Seekingalpha.com‘s article titled: “Genworth MI Canada’s (GMICF) CEO Stuart Levings on Q3 2016 Results – Earnings …” and published on November 05, 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 $2.86 billion. The Firm provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. It has a 7.65 P/E ratio. The Firm offers both transactional and portfolio mortgage insurance.

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