Genworth MI Canada (TSE:MIC) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday. They presently have a C$46.00 target price on the stock, up from their prior target price of C$45.00. TD Securities’ target price indicates a potential upside of 3.84% from the company’s current price.

Several other research firms have also recently issued reports on MIC. National Bank Financial raised their price objective on Genworth MI Canada from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Royal Bank Of Canada cut Genworth MI Canada from a “sector perform” rating to an “underperform” rating and raised their price objective for the stock from C$40.00 to C$41.00 in a report on Monday, November 6th. CIBC cut Genworth MI Canada from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from C$45.00 to C$46.00 in a report on Monday, November 6th. Finally, Scotiabank raised their price objective on Genworth MI Canada from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Genworth MI Canada presently has a consensus rating of “Hold” and an average price target of C$44.67.

Genworth MI Canada (TSE:MIC) traded up C$0.87 during mid-day trading on Thursday, hitting C$44.30. The stock had a trading volume of 274,243 shares, compared to its average volume of 215,897. Genworth MI Canada has a 1-year low of C$30.38 and a 1-year high of C$44.49.

In related news, insider Winsor James Macdonell sold 8,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$37.00, for a total value of C$296,000.00.

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About Genworth MI Canada

Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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