Manulife Financial Corp. (TSE:MFC) Receives C$20.77 Average Price Target from Analysts
Shares of Manulife Financial Corp. (TSE:MFC) have been assigned an average recommendation of “Buy” from the thirteen analysts that are covering the company. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$20.77.
MFC has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price target on shares of Manulife Financial Corp. from C$24.00 to C$21.00 in a research note on Saturday, August 6th. CSFB cut their target price on shares of Manulife Financial Corp. from C$22.00 to C$21.00 in a research note on Saturday, August 6th. Barclays PLC cut their target price on shares of Manulife Financial Corp. from C$21.00 to C$20.00 in a research note on Tuesday, July 12th. Dundee Securities reissued a “buy” rating and set a C$22.00 target price on shares of Manulife Financial Corp. in a research note on Wednesday, September 21st. Finally, Desjardins set a C$21.00 target price on shares of Manulife Financial Corp. and gave the company a “buy” rating in a research note on Saturday, August 6th.
Manulife Financial Corp. (TSE:MFC) opened at 19.17 on Friday. The firm has a market cap of $37.82 billion and a price-to-earnings ratio of 15.21. Manulife Financial Corp. has a one year low of $15.32 and a one year high of $22.65. The firm has a 50 day moving average of $18.13 and a 200-day moving average of $18.11.
The business also recently disclosed 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 yield of 3.86%.
About Manulife Financial Corp.
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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