Manulife Financial (TSE:MFC) Price Target Raised to C$28.00
Manulife Financial (TSE:MFC) (NYSE:MFC) had its target price boosted by National Bank Financial from C$26.00 to C$28.00 in a research note issued to investors on Friday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the financial services provider’s stock. National Bank Financial also issued estimates for Manulife Financial’s Q4 2019 earnings at $0.73 EPS and FY2020 earnings at $3.10 EPS.
MFC has been the topic of several other reports. Desjardins raised their target price on Manulife Financial from C$29.00 to C$31.00 in a research report on Friday. Evercore ISI lowered their target price on Manulife Financial from C$24.50 to C$24.00 in a research report on Thursday, August 8th. CIBC lifted their price target on Manulife Financial from C$27.00 to C$29.00 in a research report on Friday. Cormark lifted their price target on Manulife Financial from C$30.00 to C$31.00 in a research report on Friday, August 9th. Finally, Canaccord Genuity lifted their price target on Manulife Financial from C$33.00 to C$34.00 in a research report on Friday.
MFC opened at C$26.07 on Friday. Manulife Financial has a 12 month low of C$18.33 and a 12 month high of C$26.44. The company has a debt-to-equity ratio of 42.05, a current ratio of 4.96 and a quick ratio of 1.88. The stock has a market cap of $50.92 billion and a P/E ratio of 9.13. The stock’s 50 day moving average price is C$24.36 and its 200 day moving average price is C$23.69.
In other news, Senior Officer Steve Finch sold 14,257 shares of Manulife Financial stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$21.98, for a total transaction of C$313,357.45. Following the transaction, the insider now directly owns 6,214 shares in the company, valued at approximately C$136,578.75. Also, Director Brian Collins sold 1,962 shares of Manulife Financial stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$21.98, for a total value of C$43,123.19.
About Manulife Financial
Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing.
Featured Story: What causes a recession?
Receive News & Ratings for Manulife Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial and related companies with MarketBeat.com's FREE daily email newsletter.