RBC Capital Reaffirms Their Hold Rating on Genworth MI Canada (MIC)


Genworth MI Canada (MIC), the Financial sector company, was revisited by a Wall Street analyst today. Analyst Geoffrey Kwan from RBC Capital reiterated a Hold rating, with a C$48 price target.

According to TipRanks.com, Kwan is a 3-star analyst with an average return of 2.5% and a 45.2% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, CI Financial Corp, and IGM Financial.

Currently, the analyst consensus on Genworth MI Canada is a Moderate Buy with an average price target of C$51.

Genworth MI Canada’s market cap is currently C$3.65B and has a P/E ratio of 8.3. The company has a Price to Book ratio of 0.91.

Genworth MI Canada, Inc. is the private residential mortgage insurer in Canada. The company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership accessible to first time homebuyers. It markets its products to lenders, brokers, realtors, builders and homebuyers.

The company’s shares closed on Wednesday at C$42.

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