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Shares of Manulife Financial Corp. (TSE:MFC) have earned an average recommendation of “Buy” from the eleven brokerages that are currently covering the company, Stock Ratings Network reports. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$23.50.

Several analysts have recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of Manulife Financial Corp. from C$24.00 to C$26.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Manulife Financial Corp. from C$23.00 to C$24.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Manulife Financial Corp. from C$23.00 to C$24.00 in a research note on Friday, August 8th. They now have an “overweight” rating on the stock.

Shares of Manulife Financial Corp. (TSE:MFC) remained flat at $22.28 during during mid-day trading trading on Tuesday. 447,726 shares of the company’s stock traded hands. Manulife Financial Corp. has a 52 week low of $16.86 and a 52 week high of $22.53. The stock has a 50-day moving average of $21.8 and a 200-day moving average of $21.09. The company has a market cap of $41.396 billion and a P/E ratio of 10.41.

Manulife Financial Corp. (TSE:MFC) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.04. On average, analysts predict that Manulife Financial Corp. will post $1.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Friday, August 15th.

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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