RBC Capital Remains a Buy on Manulife Financial (MFC)
In a report released on January 5, Darko Mihelic from RBC Capital maintained a Buy rating on Manulife Financial, with a price target of C$52.00. The company’s shares closed yesterday at C$50.56.
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According to TipRanks, Mihelic is a 5-star analyst with an average return of 8.0% and a 62.37% success rate. Mihelic covers the Financial sector, focusing on stocks such as Bank Of Montreal, Bank Of Nova Scotia, and Canadian Bank of Commerce.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Manulife Financial with a C$54.62 average price target.
The company has a one-year high of C$50.90 and a one-year low of C$36.93. Currently, Manulife Financial has an average volume of 5.91M.
Based on the recent corporate insider activity of 142 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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