Manulife Financial Corp. (TSE:MFC) Price Target Raised to C$27.00 at National Bank Financial
Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its target price hoisted by National Bank Financial from C$26.00 to C$27.00 in a research report issued on Thursday. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. National Bank Financial’s price target points to a potential upside of 5.30% from the company’s current price.
Several other equities research analysts have also commented on MFC. TD Securities raised their price target on shares of Manulife Financial Corp. from C$25.00 to C$26.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. Scotiabank restated an “outperform” rating and issued a C$28.00 price target on shares of Manulife Financial Corp. in a research note on Thursday, May 4th. Finally, Barclays PLC raised their price target on shares of Manulife Financial Corp. from C$28.00 to C$29.00 in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$26.67.
Shares of Manulife Financial Corp. (TSE:MFC) traded down 4.17% during trading on Thursday, reaching $24.57. The company had a trading volume of 3,327,458 shares. Manulife Financial Corp. has a 52-week low of $16.94 and a 52-week high of $26.11. The stock has a 50 day moving average of $24.96 and a 200 day moving average of $24.24. The stock has a market capitalization of $48.57 billion and a price-to-earnings ratio of 15.74.
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In other news, insider Rocco Gori acquired 421,492 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was purchased at an average price of C$17.59 per share, with a total value of C$7,414,044.28. Also, insider Stephani Kingsmill sold 10,400 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of C$24.61, for a total transaction of C$255,944.00.
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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