Manulife Financial (TSE:MFC) Price Target Increased to C$24.50 by Analysts at Canaccord Genuity Group

Manulife Financial (TSE:MFC – Get Ranking) (NYSE:MFC) had its cost focus on boosted by analysts at Canaccord Genuity Group from C$23.50 to C$24.50 in a report issued on Friday, BayStreet.CA reviews. Canaccord Genuity Group’s price tag objective indicates a likely upside of 3.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from the company’s past near.

Many other brokerages also just lately weighed in on MFC. Scotiabank elevated shares of Manulife Money from a “sector carry out” score to an “outperform” ranking in a analysis be aware on Wednesday, July 27th. Barclays lowered their price target on Manulife Economic from C$29.00 to C$28.00 in a report on Friday. Cormark lifted their price tag target on Manulife Economical from C$24.00 to C$25.00 in a report on Friday, August 12th. Nationwide Bankshares diminished their selling price target on Manulife Monetary from C$25.00 to C$24.00 in a report on Friday, October 28th. Ultimately, Evercore ISI dropped their target selling price on Manulife Economical to C$24.00 and set a “maintain” ranking on the inventory in a research report on Monday, October 31st. 7 analysts have rated the stock with a keep rating, two have assigned a get rating and just one has assigned a potent get rating to the firm. According to MarketBeat, the business has an average score of “Hold” and a consensus focus on cost of C$26.67.

Manulife Financial Stock Performance

Shares of MFC traded up C$.60 in the course of mid-day trading on Friday, achieving C$23.65. 1,924,356 shares of the firm’s stock were exchanged, compared to its common quantity of 8,048,947. The organization has a personal debt-to-fairness ratio of 43.39, a latest ratio of 7.04 and a brief ratio of 2.58. The stock has a sector capitalization of C$44.66 billion and a PE ratio of 6.11. The business’s fifty day basic shifting regular is C$22.28 and its 200-working day simple relocating typical is C$22.86. Manulife Fiscal has a 52-week lower of C$20.81 and a 52-week large of C$28.09.

Manulife Money (TSE:MFC – Get Score) (NYSE:MFC) very last issued its earnings results on Wednesday, August 10th. The economical companies supplier reported C$.78 EPS for the quarter, hitting the consensus estimate of C$.78. The business experienced revenue of C$15.36 billion for the quarter, in comparison to analysts’ expectations of C$14.73 billion. On regular, equities study analysts be expecting that Manulife Economical will article 18.950001 earnings per share for the latest calendar year.

Insider Getting and Providing at Manulife Financial

In other Manulife Economical news, Director Michael James Doughty marketed 16,247 shares of Manulife Financial stock in a transaction on Tuesday, August 16th. The inventory was offered at an regular cost of C$24.27, for a full benefit of C$394,314.69. Adhering to the completion of the transaction, the director now owns 13,118 shares in the enterprise, valued at around C$318,373.86. In connected news, Senior Officer Steve Finch marketed 13,926 shares of the stock in a transaction dated Tuesday, August 16th. The stock was marketed at an typical cost of C$24.27, for a complete transaction of C$337,984.02. Following the completion of the transaction, the insider now right owns 17,490 shares in the firm, valued at C$424,482.30. Also, Director Michael James Doughty sold 16,247 shares of the stock in a transaction dated Tuesday, August 16th. The stock was marketed at an ordinary cost of C$24.27, for a whole value of C$394,314.69. Pursuing the transaction, the director now owns 13,118 shares of the company’s stock, valued at C$318,373.86.

Manulife Economical Company Profile

(Get Ranking)

Manulife Money Company, alongside one another with its subsidiaries, presents financial goods and providers in Asia, Canada, the United States, and internationally. The organization operates by means of Prosperity and Asset Management Businesses Insurance policy and Annuity Goods And Corporate and Other segments. The Wealth and Asset Administration Companies phase offers mutual funds and exchange-traded resources, group retirement and savings solutions, and institutional asset management solutions by brokers and brokers affiliated with the firm, securities brokerage firms, and economical advisors pension approach consultants and financial institutions.

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Analyst Recommendations for Manulife Financial (TSE:MFC)

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