Manulife Financial (TSE:MFC) Price Target Raised to C$57.00 at TD Securities

Manulife Financial (TSE:MFC) (NYSE:MFC) had its price objective lifted by equities research analysts at TD Securities from C$54.00 to C$57.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 17.99% from the stock’s previous close.

MFC has been the topic of several other research reports. CIBC increased their price objective on shares of Manulife Financial from C$44.00 to C$49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. UBS Group upgraded Manulife Financial to a “strong-buy” rating in a research report on Thursday, October 16th. Barclays boosted their price objective on Manulife Financial from C$47.00 to C$48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. National Bankshares increased their target price on Manulife Financial from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Royal Bank Of Canada reduced their price target on shares of Manulife Financial from C$51.00 to C$49.00 and set an “outperform” rating for the company in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.11.

Manulife Financial Price Performance

Shares of MFC stock traded up C$0.07 on Thursday, hitting C$48.31. 2,620,897 shares of the stock traded hands, compared to its average volume of 7,164,720. The company’s fifty day moving average is C$44.58 and its 200 day moving average is C$43.40. Manulife Financial has a 1-year low of C$36.93 and a 1-year high of C$49.82. The company has a market capitalization of C$81.63 billion, a PE ratio of 15.58, a PEG ratio of 1.01 and a beta of 0.94.

About Manulife Financial

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.