Scotiabank Increases Manulife Financial Corp. (MFC) Price Target to C$32.00

Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its target price raised by Scotiabank from C$31.00 to C$32.00 in a research report issued to clients and investors on Friday. The firm presently has an “outperform” rating on the financial services provider’s stock. Scotiabank’s price target points to a potential upside of 18.91% from the company’s previous close.

A number of other equities research analysts have also recently commented on MFC. BMO Capital Markets reiterated an “outperform” rating and set a C$31.00 target price on shares of Manulife Financial Corp. in a research note on Friday. Royal Bank Of Canada lifted their target price on Manulife Financial Corp. from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Friday. National Bank Financial lifted their target price on Manulife Financial Corp. from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, CSFB lifted their target price on Manulife Financial Corp. from C$28.00 to C$31.00 in a research note on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Manulife Financial Corp. currently has a consensus rating of “Buy” and an average target price of C$28.50.

Shares of Manulife Financial Corp. (TSE:MFC) opened at C$26.91 on Friday. Manulife Financial Corp. has a 52 week low of C$21.61 and a 52 week high of C$27.50.

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In related news, insider Marianne Harrison sold 3,703 shares of Manulife Financial Corp. 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.

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

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