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Genworth MI Canada (TSE:MIC) target price raised to $36.00, reported today by Scotia Capital

Genworth MI Canada (TSE:MIC) had its target price raised to $36.00 by Scotia Capital in a report released 09/26/2016. The new target price indicates a possible upside of 0.07% based on the company's last stock close price.

Previously on 8/04/2016, CIBC World Markets reported about Genworth MI Canada (TSE:MIC) raised the target price from $33.50 to $37.00. At the time, this indicated a possible upside of 0.05%.

Yesterday Genworth MI Canada (TSE:MIC) traded 0.24% higher at $33.72. The company’s 50-day moving average is $34.64 and its 200-day moving average is $33.04. The last stock close price is up 1.66% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 99,007 shares of the stock were exchanged, down from an average trading volume of 114,156

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Genworth MI Canada (TSE:MIC)

Genworth MI Canada has a 52 week low of $22.14 and a 52 week high of $36.35 with a P/E ratio of 8.55 The company’s market cap is currently $0.

In addition to Scotia Capital reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $26.79 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 6 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Genworth MI Canada (TSE:MIC)

Genworth MI Canada Inc. is a Canada-based company, which through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, is the private residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. The Company offers both transactional and portfolio mortgage insurance. The Company's transactional mortgage insurance covers default risk on mortgage loans secured by residential properties to protect lenders from any resulting losses on claims. The Company also provides portfolio mortgage insurance to lenders for loans with loan-to-value ratios of 80% or less. The Company underwrites mortgage insurance for residential properties in all provinces and territories of Canada.

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