Manulife Financial Corp. (TSE:MFC)‘s stock had its “buy” rating reaffirmed by equities researchers at Dundee Securities in a report issued on Wednesday. They currently have a C$22.00 price target on the stock. Dundee Securities’ price objective points to a potential upside of 19.83% from the company’s current price.
Other equities analysts have also issued research reports about the company. CSFB decreased their target price on Manulife Financial Corp. from C$22.00 to C$21.00 in a research note on Saturday, August 6th. Scotiabank reduced their price target on Manulife Financial Corp. from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. BMO Capital Markets reduced their price target on Manulife Financial Corp. from C$24.00 to C$21.00 in a research report on Saturday, August 6th. Barclays PLC reduced their price target on Manulife Financial Corp. from C$20.00 to C$19.00 and set an “overweight” rating on the stock in a research report on Saturday, August 6th. Finally, TD Securities reaffirmed a “hold” rating and issued a C$19.00 price target on shares of Manulife Financial Corp. in a research report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Manulife Financial Corp. currently has an average rating of “Buy” and a consensus price target of C$20.77.
Manulife Financial Corp. (TSE:MFC) traded up 1.09% during midday trading on Wednesday, hitting $18.56. The company had a trading volume of 2,353,428 shares. The company has a market cap of $36.62 billion and a price-to-earnings ratio of 14.73. The firm has a 50-day moving average price of $17.64 and a 200-day moving average price of $18.09. Manulife Financial Corp. has a 12 month low of $15.32 and a 12 month high of $22.65.
The company also recently declared a quarterly dividend, which was paid on Monday, September 19th. Investors of record on Tuesday, August 16th were paid a dividend of $0.185 per share. The ex-dividend date was Friday, August 12th. This represents a $0.74 dividend on an annualized basis and a yield of 4.03%.
About Manulife Financial Corp.
Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.
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