A statement released earlier today by Dundee Securities about Manulife Financial Corporation (TSE:MFC) bumps the target price to $22.00
- Updated: September 21, 2016
Dundee Securities bumped up the target of Manulife Financial Corporation (TSE:MFC) to $22.00 indicating a possible upside of 0.19%.
On 05/06/2016, TD Securities released a statement about Manulife Financial Corporation (TSE:MFC) upped the target price from $18.50 to $19.00 that suggested an upside of 0.04%.
Having a price of $18.55, Manulife Financial Corporation (TSE:MFC) traded 0.93% higher on the day. With the last stock price up 2.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Manulife Financial Corporation has recorded a 50-day average of $17.64 and a two hundred day average of $18.09. Volume of trade was down over the average, with 2,781,939 shares of MFC changing hands under the typical 4,076,350
With a total market value of $0, Manulife Financial Corporation has price-earnings ratio of 14.71 with a one year low of $15.32 and a one year high of $22.65 .
A total of 15 equity analysts have released a ratings update on MFC. zero equity analysts rating the company a strong buy, thirteen equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.94.
Brief Synopsis About Manulife Financial Corporation (TSE:MFC)
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. Division, and the Corporate and Other segment. The product and service offerings of each segment include Protection (Asia, Canadian and U.S. Divisions), Wealth Management (Asia, Canadian and U.S. Divisions), and Corporate and Other segment. It is a financial services company with principal operations in Asia, Canada and the United States. The Company offers financial protection and wealth management products and services to personal and business clients, as well as asset management services to institutional customers. The Company operates as Manulife in Canada and Asia and primarily as John Hancock in the United States.
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