Manulife Financial Corp. (TSE:MFC) had its target price lifted by analysts at TD Securities from C$21.00 to C$23.00 in a report issued on Friday. The firm currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential downside of 0.69% from the company’s current price.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada increased their price target on shares of Manulife Financial Corp. from C$21.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday. Canaccord Genuity increased 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 report on Friday. Barclays PLC increased 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 report on Friday. CIBC increased their price target on shares of Manulife Financial Corp. from C$19.00 to C$23.00 in a research report on Friday. Finally, Desjardins increased their price target on shares of Manulife Financial Corp. from C$22.00 to C$25.00 and gave the stock a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Manulife Financial Corp. has an average rating of “Buy” and an average target price of C$22.85.

Analyst Recommendations for Manulife Financial Corp. (TSE:MFC)

Shares of Manulife Financial Corp. (TSE:MFC) opened at 23.16 on Friday. The firm has a 50-day moving average price of $19.42 and a 200-day moving average price of $18.36. The firm has a market capitalization of $47.58 billion and a P/E ratio of 15.27. Manulife Financial Corp. has a 52-week low of $15.32 and a 52-week high of $23.19.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Tuesday, November 22nd will be issued 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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