Manulife Financial Corp. Coverage Initiated by Analysts at UBS AG (MFC)
Analysts at UBS AG started coverage on shares of Manulife Financial Corp. (TSE:MFC) in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm set a “buy” rating on the stock.
MFC has been the subject of a number of other recent research reports. Analysts at National Bank Financial upgraded shares of Manulife Financial Corp. from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 14th. Separately, analysts at NBF upgraded shares of Manulife Financial Corp. to an “outperform” rating in a research note on Friday, February 14th. Finally, analysts at CIBC raised their price target on shares of Manulife Financial Corp. 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. Eleven analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of C$22.38.
Manulife Financial Corp. (TSE:MFC) traded down 0.87% during mid-day trading on Wednesday, hitting $20.60. The stock had a trading volume of 1,942,476 shares. Manulife Financial Corp. has a 52-week low of $14.03 and a 52-week high of $22.22. The stock has a 50-day moving average of $21.03 and a 200-day moving average of $20.2. The company has a market cap of $38.082 billion and a P/E ratio of 13.95.
Manulife Financial Corporation (TSE:MFC) is a Canada-based financial services group with principal operations in Asia, Canada and the United States.
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