Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its price objective lifted by equities research analysts at Canaccord Genuity from C$21.00 to C$26.00 in a research note issued to investors on Friday, StockTargetPrices.com reports. Canaccord Genuity’s target price points to a potential upside of 6.43% from the stock’s current price.

Several other equities research analysts have also recently weighed in on MFC. CIBC upped their target price on Manulife Financial Corp. from C$19.00 to C$23.00 in a report on Friday, November 11th. Desjardins upped their target price on Manulife Financial Corp. from C$22.00 to C$25.00 and gave the stock a “buy” rating in a report on Friday, November 11th. TD Securities upped their target price on Manulife Financial Corp. from C$21.00 to C$23.00 and gave the stock a “hold” rating in a report on Friday, November 11th. Barclays PLC upped their target price on Manulife Financial Corp. from C$20.00 to C$24.00 and gave the stock an “overweight” rating in a report on Friday, November 11th. Finally, National Bank Financial upped their target price on Manulife Financial Corp. from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday, November 11th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Manulife Financial Corp. has an average rating of “Buy” and a consensus target price of C$24.21.

Analyst Recommendations for Manulife Financial Corp. (TSE:MFC)

Manulife Financial Corp. (TSE:MFC) traded up 0.61% during midday trading on Friday, reaching $24.58. The company had a trading volume of 2,137,344 shares. Manulife Financial Corp. has a 1-year low of $15.32 and a 1-year high of $25.42. The company has a market capitalization of $48.50 billion and a P/E ratio of 16.28. The firm has a 50-day moving average of $23.94 and a 200 day moving average of $19.75.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Tuesday, November 22nd were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 3.03%. The ex-dividend date was Friday, November 18th.

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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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