Manulife Financial Corp. (MFC) Price Target Raised to C$20.00
Manulife Financial Corp. (TSE:MFC) had its target price upped by equities research analysts at Barclays PLC from C$19.00 to C$20.00 in a research note issued on Thursday. Barclays PLC’s price objective suggests a potential upside of 4.49% from the company’s previous close.
Other analysts have also issued reports about the company. CSFB lowered their price objective on Manulife Financial Corp. from C$22.00 to C$21.00 in a research report on Saturday, August 6th. Scotiabank lowered their price objective on Manulife Financial Corp. from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. BMO Capital Markets lowered their price objective on Manulife Financial Corp. from C$24.00 to C$21.00 in a research report on Saturday, August 6th. TD Securities reiterated a “hold” rating and issued a C$19.00 price objective on shares of Manulife Financial Corp. in a research report on Friday, August 5th. Finally, Desjardins set a C$21.00 target price on Manulife Financial Corp. and gave the stock a “buy” rating in a research report on Saturday, August 6th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$20.85.
Manulife Financial Corp. (TSE:MFC) traded down 1.09% during mid-day trading on Thursday, reaching $19.06. 3,711,858 shares of the company’s stock were exchanged. Manulife Financial Corp. has a 52 week low of $15.32 and a 52 week high of $22.65. The stock has a market cap of $37.60 billion and a P/E ratio of 15.13. The stock has a 50-day moving average price of $18.26 and a 200-day moving average price of $18.11.
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The company also recently announced a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, August 16th were paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, August 12th.
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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