Manulife Financial Receives New Coverage from Analysts at RBC Capital (MFC)
RBC Capital assumed coverage on shares of Manulife Financial (TSE:MFC) in a research note issued on Friday, AnalystRatings.NET reports. The firm set an “outperform” rating and a C$23.00 price target on the stock. RBC Capital’s price objective suggests a potential upside of 10.95% from the stock’s previous close.
Manulife Financial (TSE:MFC) traded up 0.43% on Friday, hitting $20.82. The stock had a trading volume of 1,127,454 shares. Manulife Financial has a 52 week low of $13.79 and a 52 week high of $21.14. The stock’s 50-day moving average is $20.24 and its 200-day moving average is $18.34. The company has a market cap of $38.371 billion and a P/E ratio of 13.91.
A number of other firms have also recently commented on MFC. Analysts at Barclays raised their price target on shares of Manulife Financial from C$21.00 to C$23.00 in a research note to investors on Thursday, December 5th. They now have an “overweight” rating on the stock. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Manulife Financial in a research note to investors on Wednesday, November 20th. They now have a C$22.00 price target on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Manulife Financial in a research note to investors on Friday, November 8th. They now have a C$20.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, Manulife Financial currently has a consensus rating of “Buy” and a consensus target price of C$21.56.
Manulife Financial Corporation (TSE:MFC) is a financial services group.
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