Manulife Financial (MFC) Price Target Lowered to C$28.00 at TD Securities
Manulife Financial (TSE:MFC) (NYSE:MFC) had its price objective trimmed by TD Securities from C$30.00 to C$28.00 in a research note released on Thursday. The firm currently has a hold rating on the financial services provider’s stock.
Other research analysts also recently issued reports about the company. Barclays upped their price target on Manulife Financial from C$30.00 to C$31.00 in a research note on Thursday, January 11th. CSFB upped their price target on Manulife Financial from C$28.00 to C$31.00 in a research note on Wednesday, November 1st. Desjardins upped their price target on Manulife Financial from C$28.00 to C$30.00 in a research note on Monday, November 13th. National Bank Financial upgraded Manulife Financial from a sector perform rating to an outperform rating and upped their price target for the stock from C$30.00 to C$31.00 in a research note on Wednesday, January 24th. Finally, Scotiabank upped their price target on Manulife Financial from C$31.00 to C$32.00 and gave the stock an outperform rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of C$30.25.
Manulife Financial (TSE MFC) opened at C$25.08 on Thursday. Manulife Financial has a 52 week low of C$22.39 and a 52 week high of C$27.60. The firm has a market capitalization of $49,700.00, a P/E ratio of 25.59 and a beta of 0.92.
In other news, insider Warren A. Thomson sold 11,300 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$26.71, for a total transaction of C$301,823.00. Also, Director Rocco Gori bought 60,694 shares of the stock in a transaction dated Friday, December 15th. The shares were purchased at an average price of C$26.70 per share, with a total value of C$1,620,529.80.
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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