RBC Capital Reaffirms Their Buy Rating on Manulife Financial (MFC)
RBC Capital analyst Darko Mihelic maintained a Buy rating on Manulife Financial yesterday and set a price target of $52.00. The company’s shares closed yesterday at C$48.30.
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According to TipRanks, Mihelic is a 4-star analyst with an average return of 7.2% and a 60.95% success rate. Mihelic covers the Financial sector, focusing on stocks such as Bank Of Montreal, Bank Of Nova Scotia, and Canadian Bank of Commerce.
In addition to RBC Capital, Manulife Financial also received a Buy from DBS’s Ken Shih in a report issued today. However, on the same day, Barclays maintained a Hold rating on Manulife Financial (NYSE: MFC).
The company has a one-year high of C$49.82 and a one-year low of C$36.93. Currently, Manulife Financial has an average volume of 6.28M.
Based on the recent corporate insider activity of 143 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MFC in relation to earlier this year.
Read More on MFC:
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- Manulife Financial price target raised to C$49 from C$48 at Barclays
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