Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its target price raised by National Bank Financial from C$21.00 to C$24.00 in a research report sent to investors on Friday morning, StockTargetPrices.com reports. National Bank Financial currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on MFC. CSFB dropped their price target on Manulife Financial Corp. from C$22.00 to C$21.00 in a research note on Saturday, August 6th. BMO Capital Markets dropped their price target on Manulife Financial Corp. from C$24.00 to C$21.00 in a research note on Saturday, August 6th. RBC Capital Markets dropped their price target on Manulife Financial Corp. from C$22.00 to C$21.00 and set an outperform rating for the company in a research note on Saturday, August 6th. 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 note on Saturday, August 6th. Finally, CIBC lifted their price objective on Manulife Financial Corp. from C$19.00 to C$23.00 in a report on Friday, November 11th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Manulife Financial Corp. has an average rating of Buy and a consensus target price of C$22.85.

Manulife Financial Corp. (TSE:MFC) opened at 23.06 on Friday. The company has a market cap of $47.38 billion and a PE ratio of 15.20. The firm’s 50-day moving average price is $19.55 and its 200-day moving average price is $18.40. Manulife Financial Corp. has a one year low of $15.32 and a one year high of $23.19.

The business also recently declared 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. The ex-dividend date is Friday, November 18th. This represents a $0.74 dividend on an annualized basis 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.

Stock Target Prices

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