Manulife Financial (MFC) Price Target Raised to C$30.00 at National Bank Financial
Manulife Financial (TSE:MFC) (NYSE:MFC) had its price target raised by National Bank Financial from C$29.00 to C$30.00 in a research note issued to investors on Wednesday. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. National Bank Financial’s price target would suggest a potential upside of 12.32% from the stock’s current price.
A number of other research analysts have also commented on the company. Barclays raised their price target on Manulife Financial from C$29.00 to C$30.00 in a report on Monday, November 13th. Desjardins raised their price target on Manulife Financial from C$28.00 to C$30.00 in a report on Monday, November 13th. Scotiabank raised their price target on Manulife Financial from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Royal Bank of Canada raised their price target on Manulife Financial from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$31.00 price target on shares of Manulife Financial in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Manulife Financial currently has an average rating of “Buy” and a consensus target price of C$28.92.
Shares of Manulife Financial (TSE:MFC) traded down C$0.20 during midday trading on Wednesday, reaching C$26.71. The company’s stock had a trading volume of 1,085,970 shares, compared to its average volume of 3,915,029. Manulife Financial has a 1 year low of C$22.39 and a 1 year high of C$27.54. The firm has a market capitalization of $52,930.00, a price-to-earnings ratio of 14.68 and a beta of 0.98.
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About Manulife Financial
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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