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Canaccord Genuity Maintains Their Buy Rating on Manulife Financial (MFC)

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In a report released yesterday, Scott Chan CFA from Canaccord Genuity maintained a Buy rating on Manulife Financial (MFCResearch Report), with a price target of C$29.50. The company’s shares closed last Wednesday at $18.72.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 8.9% and a 50.0% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Manulife Financial with a $23.98 average price target.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $22.19 and a one-year low of $17.66. Currently, Manulife Financial has an average volume of 4.31M.

Based on the recent corporate insider activity of 119 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.

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.

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