Manulife Financial (MFC) PT Raised to C$31.00 at Barclays

Manulife Financial (TSE:MFC) (NYSE:MFC) had its price objective upped by analysts at Barclays from C$30.00 to C$31.00 in a report released on Thursday. Barclays’ target price suggests a potential upside of 14.26% from the company’s current price.

Several other equities analysts have also issued reports on the company. Desjardins boosted their price objective on Manulife Financial from C$28.00 to C$30.00 in a research report on Monday, November 13th. CSFB boosted their price objective on Manulife Financial from C$28.00 to C$31.00 in a research report on Wednesday, November 1st. TD Securities boosted their price objective on Manulife Financial from C$28.00 to C$30.00 and gave the company a “hold” rating in a research report on Tuesday. Scotiabank boosted their price objective on Manulife Financial from C$31.00 to C$32.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada boosted their price objective on Manulife Financial from C$28.00 to C$30.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$29.64.

Manulife Financial (TSE:MFC) traded up C$0.30 during trading on Thursday, hitting C$27.13. The stock had a trading volume of 3,150,000 shares, compared to its average volume of 2,660,000. The firm has a market cap of $53,760.00, a price-to-earnings ratio of 14.91 and a beta of 0.99. Manulife Financial has a 52 week low of C$22.39 and a 52 week high of C$27.53.

In other news, Director Rocco Gori bought 60,694 shares of the business’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of C$26.70 per share, for a total transaction of C$1,620,529.80. Also, Director P. Thomas Jenkins sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$21.09, for a total value of C$94,905.00.

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Manulife Financial 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.

Analyst Recommendations for Manulife Financial (TSE:MFC)

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