Barclays PLC Raises Manulife Financial Corp. (MFC) Price Target to C$24.00
Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its price target upped by Barclays PLC from C$20.00 to C$24.00 in a research note published on Friday morning, StockTargetPrices.com reports. They currently have an overweight rating on the stock.
Other equities analysts have also issued research reports about the company. CSFB lowered their price objective on Manulife Financial Corp. from C$22.00 to C$21.00 in a research note on Saturday, August 6th. Scotiabank lowered their price objective on Manulife Financial Corp. from C$20.00 to C$19.00 and set an outperform rating on the stock in a research note on Friday, August 5th. BMO Capital Markets lowered their price objective on Manulife Financial Corp. from C$24.00 to C$21.00 in a research note on Saturday, August 6th. TD Securities restated a hold rating and set a C$19.00 price objective on shares of Manulife Financial Corp. in a research note on Friday, August 5th. Finally, Desjardins set a C$21.00 price objective on Manulife Financial Corp. and gave the stock a buy rating in a research note on Saturday, August 6th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$22.85.
Manulife Financial Corp. (TSE:MFC) opened at 23.06 on Friday. The firm has a 50-day moving average price of $19.55 and a 200-day moving average price of $18.40. The firm has a market cap of $47.38 billion and a price-to-earnings ratio of 15.20. Manulife Financial Corp. has a 1-year low of $15.32 and a 1-year high of $23.19.
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 paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.21%. 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.
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.