TD Securities Raises Manulife Financial (MFC) Price Target to C$30.00

Manulife Financial (TSE:MFC) (NYSE:MFC) had its price objective hoisted by TD Securities from C$28.00 to C$30.00 in a research note issued to investors on Tuesday morning. TD Securities currently has a hold rating on the financial services provider’s stock.

Several other analysts have also commented on MFC. Scotiabank lifted their price objective on Manulife Financial from C$31.00 to C$32.00 and gave the stock an outperform rating in a report on Friday, November 10th. Barclays lifted their price objective on Manulife Financial from C$29.00 to C$30.00 in a report on Monday, November 13th. Desjardins lifted their price objective on Manulife Financial from C$28.00 to C$30.00 in a report on Monday, November 13th. BMO Capital Markets reaffirmed an outperform rating and issued a C$31.00 price objective on shares of Manulife Financial in a report on Friday, November 10th. Finally, National Bank Financial lifted their price objective on Manulife Financial from C$27.00 to C$29.00 and gave the stock a sector perform rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Buy and an average target price of C$29.55.

Manulife Financial (TSE MFC) traded up C$0.17 during trading on Tuesday, hitting C$26.83. The company’s stock had a trading volume of 3,162,981 shares, compared to its average volume of 2,770,379. The company has a market cap of $53,130.00, a price-to-earnings ratio of 14.74 and a beta of 0.99. Manulife Financial has a twelve month low of C$22.39 and a twelve month high of C$27.54.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Tuesday, November 21st were given a dividend of $0.205 per share. The ex-dividend date was Monday, November 20th. This represents a $0.82 annualized dividend and a yield of 3.06%. Manulife Financial’s dividend payout ratio (DPR) is presently 43.96%.

In related news, insider Warren A. Thomson sold 11,300 shares of Manulife Financial stock in a transaction on Monday, November 20th. The stock was sold at an average price of C$26.71, for a total transaction of C$301,823.00. Also, Director Rocco Gori bought 60,694 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of C$26.70 per share, for a total transaction of C$1,620,529.80.

WARNING: This story was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://sportsperspectives.com/2018/01/10/td-securities-raises-manulife-financial-mfc-price-target-to-c30-00.html.

About Manulife Financial

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)

Receive News & Ratings for Manulife Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply