Manulife Financial Corp. (MFC) Receives C$21.23 Consensus Target Price from Analysts
Shares of Manulife Financial Corp. (TSE:MFC) have earned an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$22.85.
A number of brokerages have issued reports on MFC. Canaccord Genuity boosted their price target on shares of Manulife Financial Corp. from C$19.00 to C$21.00 and gave the stock a “hold” rating in a research note on Friday. Barclays PLC boosted their price target on shares of Manulife Financial Corp. from C$20.00 to C$24.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank Of Canada boosted their price objective on Manulife Financial Corp. from C$21.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities boosted their price objective on Manulife Financial Corp. from C$21.00 to C$23.00 and gave the stock a “hold” rating in a research report on Friday. Finally, CIBC boosted their price objective on Manulife Financial Corp. from C$19.00 to C$23.00 in a research report on Friday.
Manulife Financial Corp. (TSE:MFC) opened at 22.43 on Friday. Manulife Financial Corp. has a 52-week low of $15.32 and a 52-week high of $22.65. The stock has a market capitalization of $44.25 billion and a price-to-earnings ratio of 17.80. The firm’s 50-day moving average is $19.28 and its 200-day moving average is $18.33.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Tuesday, November 22nd will be issued a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Friday, November 18th.
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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