Manulife Financial Corp. (MFC) Given New C$20.00 Price Target at Barclays PLC
Several other research firms also recently commented on MFC. Dundee Securities reiterated a buy rating and set a C$22.00 target price on shares of Manulife Financial Corp. in a research report on Wednesday, September 21st. Scotiabank cut their target price on shares of Manulife Financial Corp. from C$20.00 to C$19.00 and set an outperform rating on the stock in a research report on Friday, August 5th. CSFB cut their target price on shares of Manulife Financial Corp. from C$22.00 to C$21.00 in a research report on Saturday, August 6th. TD Securities reiterated a hold rating and set a C$19.00 target price on shares of Manulife Financial Corp. in a research report on Friday, August 5th. Finally, CIBC downgraded shares of Manulife Financial Corp. from an outperform rating to a sector perform rating and cut their target price for the stock from C$21.00 to C$19.00 in a research report on Saturday, August 6th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$20.85.
Shares of Manulife Financial Corp. (TSE:MFC) traded up 1.332% during midday trading on Thursday, hitting $19.395. 641,216 shares of the stock traded hands. The stock has a market capitalization of $38.26 billion and a P/E ratio of 15.393. Manulife Financial Corp. has a 52 week low of $15.32 and a 52 week high of $22.65. The firm has a 50-day moving average price of $18.31 and a 200-day moving average price of $18.12.
The company also recently announced a quarterly dividend, which was paid on Monday, September 19th. Stockholders 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 3.87%.
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.
Receive News & Stock Ratings for Manulife Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial Corp. and related stocks with our FREE daily email newsletter.