Could Manulife Financial Corp. Rise Even More? The Stock Had Another Big Increase Today

 Could Manulife Financial Corp. Rise Even More? The Stock Had Another Big Increase Today

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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