The stock of Manulife Financial Corp. (TSE:MFC) is a huge mover today! About 1.55M shares traded hands. Manulife Financial Corp. (TSE:MFC) has risen 30.33% since April 8, 2016 and is uptrending. It has outperformed by 25.35% the S&P500.
The move comes after 8 months positive chart setup for the $46.31 billion company. It was reported on Nov, 14 by Barchart.com. We have $28.47 PT which if reached, will make TSE:MFC worth $11.11 billion more.
Manulife Financial Corp. (TSE:MFC) Ratings Coverage
Out of 9 analysts covering Manulife Financial Corp. (TSE:MFC), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $26 is the highest target while $19 is the lowest. The $23.20 average target is 1.05% above today’s ($22.96) stock price. Manulife Financial Corp. has been the topic of 16 analyst reports since October 28, 2015 according to StockzIntelligence Inc. Dundee Securities maintained Manulife Financial Corp. (TSE:MFC) rating on Wednesday, September 21. Dundee Securities has “Buy” rating and $22 price target.
More important recent Manulife Financial Corp. (TSE:MFC) news were published by: Business.Financialpost.com which released: “Manulife Financial Corp profit soars 79.6% on investment gains” on November 10, 2016, also Fool.ca published article titled: “Why Manulife Financial Corp. Could Outperform in 2017”, Reuters.com published: “BRIEF-Manulife Financial Corp reports 3Q16 results” on November 10, 2016. More interesting news about Manulife Financial Corp. (TSE:MFC) was released by: Fool.ca and their article: “Why Manulife Financial Corp. Should Be Part of Every Portfolio” with publication date: October 27, 2016.
Manulife Financial Corporation is a life insurance company. The company has a market cap of $46.31 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 15.21 P/E ratio. The Company’s divisions, including Asia Division, Canadian Division, U.S.
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