A Reversal for Manulife Financial Corp. Is Not Near. The Stock Declines Again

 A Reversal for Manulife Financial Corp. Is Not Near. The Stock Declines Again

The stock of Manulife Financial Corp. (TSE:MFC) is a huge mover today! About 896,956 shares traded hands. Manulife Financial Corp. (TSE:MFC) has risen 4.65% since April 1, 2016 and is uptrending. It has outperformed by 2.70% the S&P500.
The move comes after 5 months negative chart setup for the $39.10B company. It was reported on Nov, 8 by Barchart.com. We have $18.31 PT which if reached, will make TSE:MFC worth $2.35 billion less.

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 12.94% above today’s ($19.48) stock price. Manulife Financial Corp. has been the topic of 8 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Dundee Securities on Wednesday, September 21 with “Buy”.

More news for Manulife Financial Corp. (TSE:MFC) were recently published by: Fool.ca, which released: “Why Manulife Financial Corp. Could Outperform in 2017” on November 03, 2016. Fool.ca‘s article titled: “Why Manulife Financial Corp. Should Be Part of Every Portfolio” and published on October 27, 2016 is yet another important article.

Manulife Financial Corporation is a life insurance company. The company has a market cap of $39.10 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 15.44 P/E ratio. The Company’s divisions, including Asia Division, Canadian Division, U.S.

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