Manulife Financial Corp. (MFC) PT Raised to C$30.00
Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its price objective boosted by stock analysts at Royal Bank Of Canada from C$28.00 to C$30.00 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 11.90% from the company’s previous close.
Several other equities research analysts have also recently issued reports on MFC. National Bank Financial boosted their price objective on shares of Manulife Financial Corp. from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Thursday, August 10th. BMO Capital Markets reissued an “outperform” rating and issued a C$30.00 price objective on shares of Manulife Financial Corp. in a research report on Wednesday, October 11th. Finally, CSFB boosted their price objective on shares of Manulife Financial Corp. from C$28.00 to C$31.00 in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$28.50.
Manulife Financial Corp. (TSE MFC) traded down C$0.66 during trading on Friday, reaching C$26.81. 2,574,067 shares of the company’s stock traded hands, compared to its average volume of 3,440,000. Manulife Financial Corp. has a 12 month low of C$21.01 and a 12 month high of C$27.50.
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In other Manulife Financial Corp. news, insider Marianne Harrison sold 3,703 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of C$24.26, for a total transaction of C$89,834.78.
About Manulife Financial Corp.
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
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