Manulife Financial Receives Consensus Recommendation of “Buy” from Analysts (TSE:MFC)
Manulife Financial (TSE:MFC) has been given an average rating of “Buy” by the ten ratings firms that are currently covering the stock, AnalystRatingsNetwork reports. Ten equities research analysts have rated the stock with a buy recommendation, The average 1-year price target among analysts that have covered the stock in the last year is C$22.38.
A number of research firms have recently commented on MFC. Analysts at National Bank Financial upgraded shares of Manulife Financial from a “sector perform” rating to an “outperform” rating in a research note on Friday. Separately, analysts at NBF upgraded shares of Manulife Financial to an “outperform” rating in a research note on Friday. Finally, analysts at CIBC raised their price target on shares of Manulife Financial from C$22.00 to C$24.00 in a research note on Tuesday, January 28th. They now have a “sector outperform” rating on the stock.
Shares of Manulife Financial (TSE:MFC) opened at 21.41 on Tuesday. Manulife Financial has a one year low of $13.79 and a one year high of $22.22. The stock’s 50-day moving average is $21.03 and its 200-day moving average is $19.13. The company has a market cap of $39.769 billion and a P/E ratio of 14.03.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 19th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Monday, February 24th.
Manulife Financial Corporation (TSE:MFC) is a financial services group.
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