Manulife Financial Corp. (MFC) Receives Buy Rating from Dundee Securities
Manulife Financial Corp. (TSE:MFC)‘s stock had its “buy” rating reissued by equities research analysts at Dundee Securities in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. They currently have a C$22.00 price target on the stock. Dundee Securities’ price target points to a potential upside of 19.83% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. BMO Capital Markets cut their price target on shares of Manulife Financial Corp. from C$24.00 to C$21.00 in a report on Saturday, August 6th. CSFB cut their price target on shares of Manulife Financial Corp. from C$22.00 to C$21.00 in a report on Saturday, August 6th. Barclays PLC cut their price target on shares of Manulife Financial Corp. from C$21.00 to C$20.00 in a report on Tuesday, July 12th. Desjardins set a C$21.00 price target on shares of Manulife Financial Corp. and gave the stock a “buy” rating in a report on Saturday, August 6th. Finally, TD Securities restated a “hold” rating and set a C$19.00 price target on shares of Manulife Financial Corp. in a report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Manulife Financial Corp. currently has a consensus rating of “Buy” and a consensus price target of C$20.77.
Shares of Manulife Financial Corp. (TSE:MFC) traded up 0.93% during mid-day trading on Wednesday, hitting $18.53. The stock had a trading volume of 2,402,100 shares. Manulife Financial Corp. has a 12 month low of $15.32 and a 12 month high of $22.65. The stock’s 50-day moving average is $17.64 and its 200 day moving average is $18.09. The firm has a market cap of $36.56 billion and a PE ratio of 14.71.
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The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, August 16th were paid a $0.185 dividend. The ex-dividend date was Friday, August 12th. This represents a $0.74 annualized dividend and a dividend yield of 4.03%.
Manulife Financial Corp. Company Profile
Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.
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