Genworth MI Canada (TSE:MIC) had its price objective increased by Scotiabank from C$55.00 to C$56.00 in a research note published on Friday, BayStreet.CA reports.
Other equities analysts have also issued reports about the company. TD Securities decreased their price objective on Genworth MI Canada from C$57.00 to C$56.00 and set a buy rating for the company in a research report on Wednesday, October 30th. National Bank Financial raised their target price on shares of Genworth MI Canada from C$54.00 to C$58.00 and gave the stock an outperform rating in a report on Tuesday, October 29th. Finally, CIBC dropped their target price on shares of Genworth MI Canada from C$57.00 to C$56.00 in a report on Thursday, October 31st.
Shares of TSE MIC traded up C$0.03 during mid-day trading on Friday, reaching C$57.04. 130,384 shares of the company’s stock were exchanged, compared to its average volume of 174,792. The firm has a market capitalization of $5.00 billion and a price-to-earnings ratio of 12.57. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 11.57. The business has a fifty day simple moving average of C$54.36 and a 200 day simple moving average of C$48.96. Genworth MI Canada has a twelve month low of C$38.18 and a twelve month high of C$57.84.
In other Genworth MI Canada news, Senior Officer Robert John Piroli sold 520 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of C$54.39, for a total transaction of C$28,282.80. Following the completion of the transaction, the insider now owns 174 shares of the company’s stock, valued at approximately C$9,463.86. Also, Director Brian Leo Hurley sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$52.07, for a total value of C$3,124,200.00. Following the transaction, the director now directly owns 73,028 shares of the company’s stock, valued at approximately C$3,802,567.96.
About Genworth MI Canada
Genworth MI Canada Inc, through its subsidiaries, operates as a private residential mortgage insurer in Canada. It provides mortgage default insurance to residential mortgage homebuyers, lenders, brokers, and realtors. The company was founded in 1995 and is headquartered in Oakville, Canada.
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