RBC Raises Price Target for Essent Group to $75.00

Royal Bank of Canada raised its price target for Essent Group (NYSE:ESNT) to $75.00, representing a potential upside of 9.99% from the current stock price. This move follows other analysts who have also increased their targets on the company's shares.

The firm currently has a 'sector perform' rating on Essent Group's stock. Analysts at Barclays and JPMorgan Chase & Co. recently boosted their target prices for ESNT, citing the financial services provider's solid performance in the mortgage insurance sector.

Essent Group has a market cap of $6.28 billion and is a leading provider of private mortgage insurance and mortgage reinsurance solutions through its subsidiary, Essent Guaranty. The company's shares have traded within a range of $55.34 to $70.00 over the past year.