In a report released on April 16, Darko Mihelic from RBC Capital maintained a Buy rating on Manulife Financial (MFC – Research Report), with a price target of C$38.00. The company’s shares closed yesterday at $22.93.
Mihelic covers the Financial sector, focusing on stocks such as Manulife Financial, Sun Life Financial, and Sagicor Financial. According to TipRanks, Mihelic has an average return of 5.7% and a 55.77% success rate on recommended stocks.
Currently, the analyst consensus on Manulife Financial is a Moderate Buy with an average price target of $26.57, which is a 15.87% upside from current levels. In a report released on April 8, BMO Capital also maintained a Buy rating on the stock with a C$40.00 price target.
The company has a one-year high of $25.14 and a one-year low of $16.63. Currently, Manulife Financial has an average volume of 3.42M.
Based on the recent corporate insider activity of 127 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Manulife Financial (MFC) Company Description:
Canada-based Manulife Financial Corp. is a financial services company, which provides financial advice, insurance and wealth and asset management products and services in Asia, Canada, the United States, and other international markets.
Read More on MFC:
- Manulife Financial price target raised to C$40 from C$35 at BMO Capital
- Manulife Investment Management Completes Acquisition of CQS
- Manulife Announces Major Reinsurance Deal
- Manulife Advances Transformation with Major Reinsurance Deal
- Manulife reinsure $5.8B of reserves of low ROE Canadian Universal Life block
