Genworth MI Canada Inc (TSE:MIC) had its target price lowered by research analysts at CIBC from C$31.50 to C$25.50 in a research note issued to investors on Monday, Market Beat Ratings reports. CIBC’s price target indicates a potential upside of 6.12% from the company’s previous close.

Genworth MI Canada (TSE:MIC) traded down 4.66% during trading on Monday, hitting $22.91. The stock had a trading volume of 178,925 shares. The stock has a market cap of $2.10 billion and a price-to-earnings ratio of 5.58. The stock has a 50 day moving average price of $25.59 and a 200-day moving average price of $29.13. Genworth MI Canada has a 12 month low of $22.14 and a 12 month high of $36.30.

A number of other research firms have also weighed in on MIC. Scotiabank reaffirmed a “sector perform” rating and issued a C$35.00 price objective on shares of Genworth MI Canada in a research note on Friday, October 30th. TD Securities upped their price objective on Genworth MI Canada from C$33.00 to C$34.00 and gave the stock a “hold” rating in a research note on Friday, October 30th. National Bank Financial upped their price objective on Genworth MI Canada from C$32.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Monday, October 26th. Finally, RBC Capital reaffirmed an “outperform” rating and issued a C$39.00 price objective on shares of Genworth MI Canada in a research note on Tuesday, December 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Genworth MI Canada currently has a consensus rating of “Hold” and a consensus target price of C$34.36.

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