Desjardins Boosts Manulife Financial Corp. (MFC) Price Target to C$25.00
Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its target price upped by Desjardins from C$22.00 to C$25.00 in a report released on Friday, StockTargetPrices.com reports. The firm currently has a buy rating on the stock.
Other equities research analysts also recently issued reports about the stock. BMO Capital Markets cut their target price on shares of Manulife Financial Corp. from C$24.00 to C$21.00 in a research note on Saturday, August 6th. CSFB cut their target price on shares of Manulife Financial Corp. from C$22.00 to C$21.00 in a research note on Saturday, August 6th. Barclays PLC upped their target price on shares of Manulife Financial Corp. from C$19.00 to C$20.00 in a research note on Thursday, October 13th. CIBC increased their price objective on shares of Manulife Financial Corp. from C$19.00 to C$23.00 in a research report on Friday, November 11th. Finally, Dundee Securities reissued a buy rating and issued a C$22.00 price objective on shares of Manulife Financial Corp. in a research report on Wednesday, September 21st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of C$22.85.
Shares of 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 stock has a 50 day moving average price of $19.55 and a 200 day moving average price of $18.40. The stock has a market capitalization of $47.38 billion and a price-to-earnings ratio of 15.20.
The company also recently announced 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 annualized dividend and a dividend yield of 3.21%. 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.
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.