Skip to main content

RBC Capital Remains a Buy on Manulife Financial (MFC)

Tipranks - Wed Jan 7, 8:00PM CST

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.

Claim 70% Off TipRanks Premium

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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.