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RBC Capital Keeps Their Buy Rating on Manulife Financial (MFC)

Tipranks - Tipranks - Tue Jan 20, 8:00PM CST

RBC Capital analyst Darko Mihelic maintained a Buy rating on Manulife Financial yesterday and set a price target of C$52.00.

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Mihelic covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Bank Of Montreal, and Bank Of Nova Scotia. According to TipRanks, Mihelic has an average return of 7.8% and a 61.83% success rate on recommended stocks.

In addition to RBC Capital, Manulife Financial also received a Buy from CIBC’s Paul Holden in a report issued on January 8. However, on the same day, Barclays maintained a Hold rating on Manulife Financial (NYSE: MFC).

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MFC market cap is currently C$87.69B and has a P/E ratio of 16.57.

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.

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