Manulife Financial Corp. (MFC) Receives Consensus Rating of “Buy” from Analysts
Shares of Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) have earned an average recommendation of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$27.75.
A number of analysts have issued reports on MFC shares. BMO Capital Markets reaffirmed an “outperform” rating and set a C$30.00 price target on shares of Manulife Financial Corp. in a report on Wednesday, October 11th. Royal Bank Of Canada lifted their price target on Manulife Financial Corp. from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Barclays PLC lifted their price target on Manulife Financial Corp. from C$28.00 to C$29.00 in a report on Wednesday, July 12th. CSFB lifted their price target on Manulife Financial Corp. from C$28.00 to C$31.00 in a report on Wednesday. Finally, National Bank Financial lifted their price target on Manulife Financial Corp. from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Thursday, August 10th.
Shares of Manulife Financial Corp. (MFC) opened at C$26.59 on Friday. Manulife Financial Corp. has a fifty-two week low of C$19.00 and a fifty-two week high of C$26.72.
In other news, insider Marianne Harrison sold 3,703 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of C$24.26, for a total value of C$89,834.78.
Manulife Financial Corp. Company Profile
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
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