Manulife Financial Corp. (MFC) Given Outperform Rating at BMO Capital Markets
Manulife Financial Corp. (TSE:MFC) (NYSE:MFC)‘s stock had its “outperform” rating reaffirmed by analysts at BMO Capital Markets in a research note issued on Wednesday. They currently have a C$30.00 target price on the financial services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 15.79% from the stock’s current price.
A number of other equities research analysts have also issued reports on the stock. Barclays PLC upped their price objective on shares of Manulife Financial Corp. from C$28.00 to C$29.00 in a report on Wednesday, July 12th. National Bank Financial upped their price objective on shares of Manulife Financial Corp. from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a report on Thursday, August 10th. Finally, Royal Bank Of Canada upped their price objective on shares of Manulife Financial Corp. from C$26.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Manulife Financial Corp. has an average rating of “Buy” and a consensus target price of C$26.92.
Manulife Financial Corp. (MFC) traded down 0.08% during trading on Wednesday, hitting $25.91. 3,505,942 shares of the company were exchanged. The stock’s 50-day moving average is $24.66 and its 200-day moving average is $24.31. Manulife Financial Corp. has a 12 month low of $18.83 and a 12 month high of $26.11. The company has a market capitalization of $51.25 billion and a price-to-earnings ratio of 14.15.
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In related news, insider Marianne Harrison sold 3,703 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of C$24.26, for a total value of C$89,834.78.
Manulife Financial Corp. Company Profile
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
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