Is Manulife Financial Corp. a Buy? The Stock Rises Again


 Is Manulife Financial Corp. a Buy? The Stock Rises Again

The stock of Manulife Financial Corp. (TSE:MFC) is a huge mover today! About 710,032 shares traded hands. Manulife Financial Corp. (TSE:MFC) has risen 1.01% since March 11, 2016 and is uptrending. It has underperformed by 4.48% the S&P500.
The move comes after 5 months positive chart setup for the $37.76B company. It was reported on Oct, 18 by We have $32.31 PT which if reached, will make TSE:MFC worth $25.68B more.

Manulife Financial Corp. (TSE:MFC) Ratings Coverage

Out of 6 analysts covering Manulife Financial Corp. (TSE:MFC), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $25 is the highest target while $19 is the lowest. The $22 average target is 14.40% above today’s ($19.23) stock price. Manulife Financial Corp. has been the topic of 8 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Dundee Securities given on Wednesday, September 21.

Another recent and important Manulife Financial Corp. (TSE:MFC) news was published by which published an article titled: “Manulife Financial Corp.: Does it Fit in Your Portfolio?” on September 27, 2016.

Manulife Financial Corporation is a life insurance company. The company has a market cap of $37.76 billion. The Firm is a holding firm of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. It has a 15.25 P/E ratio. The Company’s divisions, including Asia Division, Canadian Division, U.S.

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