Jefferies Keeps Their Buy Rating on Manulife Financial (MFC)
In a report released on November 14, John Aiken from Jefferies maintained a Buy rating on Manulife Financial, with a price target of C$54.00. The company’s shares closed last Friday at C$48.26.
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According to TipRanks, Aiken is a 2-star analyst with an average return of 0.4% and a 51.36% success rate. Aiken covers the Financial sector, focusing on stocks such as goeasy, Toronto Dominion Bank, and IGM Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Manulife Financial with a $40.06 average price target, a -16.99% downside from current levels. In a report released on November 14, DBS also maintained a Buy rating on the stock with a HK$290.00 price target.
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.
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- Manulife Financial price target raised to C$50 from C$49 at CIBC
- Manulife Financial price target raised to C$52 from C$49 at RBC Capital
- Manulife Financial price target raised to C$58 from C$53 at BMO Capital
- Manulife Financial price target raised to C$49 from C$48 at Barclays
- Manulife Financial price target raised to C$53 from C$52 at National Bank
