Canaccord Genuity Boosts Manulife Financial Corp. (MFC) Price Target to C$21.00
Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its target price upped by Canaccord Genuity from C$19.00 to C$21.00 in a report released on Friday morning, StockTargetPrices.com reports. The firm currently has a hold rating on the stock.
MFC has been the subject of several other reports. Dundee Securities reissued a buy rating and set a C$22.00 price objective on shares of Manulife Financial Corp. in a report on Wednesday, September 21st. Scotiabank cut 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 report on Friday, August 5th. CSFB cut their price target on Manulife Financial Corp. from C$22.00 to C$21.00 in a report on Saturday, August 6th. TD Securities reaffirmed a hold rating and issued a C$19.00 price target on shares of Manulife Financial Corp. in a report on Friday, August 5th. Finally, Barclays PLC raised their price target on Manulife Financial Corp. from C$19.00 to C$20.00 in a report on Thursday, October 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Manulife Financial Corp. presently has a consensus rating of Buy and an average price target of C$22.85.
Manulife Financial Corp. (TSE:MFC) opened at 23.06 on Friday. Manulife Financial Corp. has a 1-year low of $15.32 and a 1-year high of $23.19. The firm’s 50-day moving average price is $19.55 and its 200 day moving average price is $18.40. The firm has a market capitalization of $47.38 billion and a price-to-earnings ratio of 15.20.
The business 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. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.74 annualized dividend and a dividend yield of 3.21%.
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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