Manulife Financial (MFC) PT Raised to C$31.00 at Barclays

Manulife Financial (TSE:MFC) (NYSE:MFC) had its price target hoisted by investment analysts at Barclays from C$30.00 to C$31.00 in a research note issued to investors on Thursday. Barclays’ price objective would suggest a potential upside of 13.93% from the company’s current price.

Other equities research analysts have also issued reports about the company. Desjardins raised their price objective on Manulife Financial from C$28.00 to C$30.00 in a research report on Monday, November 13th. CSFB raised their price objective on Manulife Financial from C$28.00 to C$31.00 in a research report on Wednesday, November 1st. TD Securities raised their price objective on Manulife Financial from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research report on Tuesday. Scotiabank raised their price objective on Manulife Financial from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada raised their price objective on Manulife Financial from C$28.00 to C$30.00 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 three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$29.64.

Shares of Manulife Financial (TSE:MFC) opened at C$27.21 on Thursday. Manulife Financial has a 1 year low of C$22.39 and a 1 year high of C$27.53. The company has a market capitalization of $53,920.00, a PE ratio of 14.95 and a beta of 0.99.

In other news, Director Rocco Gori purchased 60,694 shares of Manulife Financial stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of C$26.70 per share, for a total transaction of C$1,620,529.80. Also, Director P. Thomas Jenkins sold 4,500 shares of Manulife Financial stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of C$21.09, for a total value of C$94,905.00.

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Manulife Financial Company Profile

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 (TSE:MFC)

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