The stock of Genworth MI Canada Inc (TSE:MIC) is a huge mover today! About 28,156 shares traded hands. Genworth MI Canada Inc (TSE:MIC) has risen 1.40% since April 27, 2016 and is uptrending. It has underperformed by 4.53% the S&P500.
The move comes after 5 months positive chart setup for the $3.02B company. It was reported on Dec, 1 by Barchart.com. We have $34.66 PT which if reached, will make TSE:MIC worth $151.00M 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 2.09% above today’s ($33.01) stock price. Genworth MI Canada has been the topic of 15 analyst reports since July 28, 2015 according to StockzIntelligence Inc. On Monday, May 2 the stock rating was upgraded by IBC to “Sector Perform”. Scotia Capital maintained the stock with “Sector Perform” rating in Monday, November 2 report. On Friday, November 4 the stock rating was maintained by Scotia Capital with “Sector Perform”. The rating was downgraded by IBC on Monday, November 2 to “Sector Underperformer”. RBC Capital Markets downgraded Genworth MI Canada Inc (TSE:MIC) rating on Wednesday, July 20. RBC Capital Markets has “Sector Perform” rating and $35 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, December 8 report. The stock of Genworth MI Canada Inc (TSE:MIC) has “Sector Perform” rating given on Wednesday, August 5 by Scotia Capital. The firm earned “Outperform” rating on Friday, February 5 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, April 29 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 Could Be Forced To Issue A Significant Amount Of Shares” and published on October 10, 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 $3.02 billion. The Firm provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. It has a 8.17 P/E ratio. The Firm offers both transactional and portfolio mortgage insurance.
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