Manulife Financial Corp. Can’t Be More Safe. Trades Significantly Higher

 Manulife Financial Corp. Can't Be More Safe. Trades Significantly Higher

The stock of Manulife Financial Corp. (TSE:MFC) is a huge mover today! About 1.17 million shares traded hands. Manulife Financial Corp. (TSE:MFC) has risen 2.87% since March 30, 2016 and is uptrending. It has outperformed by 1.66% the S&P500.
The move comes after 5 months positive chart setup for the $37.53B company. It was reported on Nov, 3 by Barchart.com. We have $24.46 PT which if reached, will make TSE:MFC worth $10.13B 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 14.23% above today’s ($19.26) stock price. Manulife Financial Corp. has been the topic of 8 analyst reports since October 28, 2015 according to StockzIntelligence Inc. Dundee Securities maintained Manulife Financial Corp. (TSE:MFC) on Wednesday, September 21 with “Buy” rating.

More important recent Manulife Financial Corp. (TSE:MFC) news were published by: Fool.ca which released: “Why Manulife Financial Corp. Could Outperform in 2017” on November 03, 2016, also Fool.ca published article titled: “Why Manulife Financial Corp. Should Be Part of Every Portfolio”, Fool.ca published: “Manulife Financial Corp. Looks to Buybacks: Is the Stock Cheap?” on October 04, 2016. More interesting news about Manulife Financial Corp. (TSE:MFC) was released by: Nasdaq.com and their article: “Manulife Financial Corporation (MFC): Strong Industry, Solid Earnings Estimate …” with publication date: October 07, 2016.

Manulife Financial Corporation is a life insurance company. The company has a market cap of $37.53 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 15.27 P/E ratio. The Company’s divisions, including Asia Division, Canadian Division, U.S.

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