Manulife Financial Corp. (MFC) PT Raised to C$20.00
Manulife Financial Corp. (TSE:MFC) had its price objective increased by investment analysts at Barclays PLC from C$19.00 to C$20.00 in a report issued on Thursday. Barclays PLC’s price target would indicate a potential upside of 4.38% from the stock’s previous close.
Several other research firms have also weighed in on MFC. Dundee Securities reaffirmed a “buy” rating and issued a C$22.00 target price on shares of Manulife Financial Corp. in a report on Wednesday, September 21st. RBC Capital Markets lowered their target price on shares of Manulife Financial Corp. from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a report on Saturday, August 6th. CSFB lowered their target price on shares of Manulife Financial Corp. from C$22.00 to C$21.00 in a report on Saturday, August 6th. Desjardins set a C$21.00 target price on shares of Manulife Financial Corp. and gave the stock a “buy” rating in a report on Saturday, August 6th. Finally, CIBC lowered shares of Manulife Financial Corp. from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$21.00 to C$19.00 in a report on Saturday, August 6th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Manulife Financial Corp. presently has an average rating of “Buy” and an average price target of C$20.85.
Shares of Manulife Financial Corp. (TSE:MFC) opened at 19.16 on Thursday. The company has a 50 day moving average of $18.36 and a 200-day moving average of $18.12. The company has a market capitalization of $37.80 billion and a P/E ratio of 15.21. Manulife Financial Corp. has a 12-month low of $15.32 and a 12-month high of $22.65.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, August 16th were given a dividend of $0.185 per share. The ex-dividend date was Friday, August 12th. This represents a $0.74 dividend on an annualized basis and a yield of 3.86%.
About Manulife Financial Corp.
Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.
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