Analysts have been eager to weigh in on the Financial sector with new ratings on Rayonier (RYN – Research Report) and Manulife Financial (MFC – Research Report).
Rayonier (RYN)
BMO Capital analyst Mark Wilde maintained a Hold rating on Rayonier on November 5 and set a price target of $36.00. The company’s shares closed last Friday at $38.93, close to its 52-week high of $40.77.
According to TipRanks.com, Wilde is a 5-star analyst with an average return of
Rayonier has an analyst consensus of Hold, with a price target consensus of $36.00, implying a -9.4% downside from current levels. In a report issued on November 5, RBC Capital also maintained a Hold rating on the stock with a $36.00 price target.
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Manulife Financial (MFC)
BMO Capital analyst Tom Mackinnon maintained a Buy rating on Manulife Financial on November 5 and set a price target of $34.00. The company’s shares closed last Friday at $19.59.
According to TipRanks.com, Mackinnon is a 5-star analyst with an average return of
Currently, the analyst consensus on Manulife Financial is a Moderate Buy with an average price target of $27.04, implying a 38.2% upside from current levels. In a report issued on October 25, Canaccord Genuity also maintained a Buy rating on the stock with a C$30.50 price target.
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