Desjardins Increases Manulife Financial Corp. (MFC) Price Target to C$30.00

Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) had its price target lifted by analysts at Desjardins from C$28.00 to C$30.00 in a research report issued to clients and investors on Monday. Desjardins’ price objective suggests a potential upside of 12.36% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. CSFB boosted their target price on shares of Manulife Financial Corp. from C$28.00 to C$31.00 in a research report on Wednesday, November 1st. BMO Capital Markets restated an “outperform” rating and set a C$30.00 target price on shares of Manulife Financial Corp. in a research report on Wednesday, October 11th. Royal Bank Of Canada boosted their target price on shares of Manulife Financial Corp. from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. National Bank Financial boosted their target price on shares of Manulife Financial Corp. from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th. Finally, Scotiabank boosted their target price on shares of Manulife Financial Corp. from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$28.83.

Manulife Financial Corp. (MFC) opened at C$26.70 on Monday. Manulife Financial Corp. has a 12 month low of C$22.39 and a 12 month high of C$27.50.

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In related news, insider Marianne Harrison sold 3,703 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of C$24.26, for a total value of C$89,834.78.

About Manulife Financial Corp.

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.

Analyst Recommendations for Manulife Financial Corp. (TSE:MFC)

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