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.
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.
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.
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