Manulife Financial (MFC) PT Raised to C$31.00

Manulife Financial (TSE:MFC) (NYSE:MFC) had its price target lifted by equities research analysts at Barclays from C$30.00 to C$31.00 in a research note issued on Thursday. Barclays’ price objective suggests a potential upside of 13.93% from the company’s current price.

MFC has been the topic of a number of other reports. Royal Bank of Canada lifted their target price on Manulife Financial from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. National Bank Financial lifted their target price on Manulife Financial from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$30.00 target price on shares of Manulife Financial in a report on Wednesday, October 11th. TD Securities lifted their price target on Manulife Financial from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Desjardins lifted their price target on Manulife Financial from C$28.00 to C$30.00 in a research note on Monday, November 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$29.64.

Manulife Financial (TSE MFC) opened at C$27.21 on Thursday. The stock has a market capitalization of $53,920.00, a PE ratio of 14.95 and a beta of 0.99. Manulife Financial has a fifty-two week low of C$22.39 and a fifty-two week high of C$27.53.

In related news, insider Warren A. Thomson sold 11,300 shares of Manulife Financial stock in a transaction dated Monday, November 20th. The stock was sold at an average price of C$26.71, for a total value of C$301,823.00. Also, Director P. Thomas Jenkins sold 4,500 shares of Manulife Financial stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$21.09, for a total value of C$94,905.00.

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Manulife Financial 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 (TSE:MFC)

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