Manulife Financial Corp. (MFC) PT Raised to C$23.00 at CIBC
Manulife Financial Corp. (TSE:MFC) had its target price upped by CIBC from C$19.00 to C$23.00 in a research note issued on Friday. CIBC’s price target suggests a potential downside of 0.69% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. CSFB reduced their price objective on Manulife Financial Corp. from C$22.00 to C$21.00 in a report on Saturday, August 6th. Scotiabank dropped their price target on Manulife Financial Corp. from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, August 5th. Canaccord Genuity raised their price target on Manulife Financial Corp. from C$19.00 to C$21.00 and gave the stock a “hold” rating in a research report on Friday. BMO Capital Markets dropped their price target on Manulife Financial Corp. from C$24.00 to C$21.00 in a research report on Saturday, August 6th. Finally, Barclays PLC dropped their price target on Manulife Financial Corp. from C$20.00 to C$19.00 and set an “overweight” rating for the company in a research report on Saturday, August 6th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$22.85.
Manulife Financial Corp. (TSE:MFC) opened at 23.16 on Friday. Manulife Financial Corp. has a 1-year low of $15.32 and a 1-year high of $23.19. The firm has a market cap of $47.58 billion and a price-to-earnings ratio of 15.27. The company’s 50-day moving average price is $19.42 and its 200 day moving average price is $18.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Tuesday, November 22nd will be given a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, November 18th.
Manulife Financial Corp. Company Profile
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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