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

Shares of Manulife Financial Corp. (TSE:MFC) opened at 21.95 on Tuesday. 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 $21.94 and a 200-day moving average of $21.13. The company has a market cap of $40.783 billion and a P/E ratio of 10.24.

Manulife Financial Corp. (TSE:MFC) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the 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. Stockholders 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 2.82%. The ex-dividend date is Friday, August 15th.

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.

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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