The stock of Manulife Financial Corp. (TSE:MFC) is a huge mover today! About 868,518 shares traded hands. Manulife Financial Corp. (TSE:MFC) has risen 24.42% since April 14, 2016 and is uptrending. It has outperformed by 19.99% the S&P500.
The move comes after 6 months negative chart setup for the $44.89B company. It was reported on Nov, 18 by Barchart.com. We have $21.14 PT which if reached, will make TSE:MFC worth $3.59B less.
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 0.96% above today’s ($22.98) 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 notable recent Manulife Financial Corp. (TSE:MFC) news were published by: Forbes.com which released: “Manulife Financial Reaches Analyst Target Price” on November 15, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Johnson & Johnson, Prudential Financial and Manulife …” published on November 16, 2016, Marketwatch.com published: “Manulife Financial Corporation announces Preferred Share issue” on November 14, 2016. More interesting news about Manulife Financial Corp. (TSE:MFC) were released by: Business.Financialpost.com and their article: “Manulife Financial Corp profit soars 79.6% on investment gains” published on November 10, 2016 as well as Fool.ca‘s news article titled: “Why Manulife Financial Corp. Could Outperform in 2017” with publication date: November 03, 2016.
Manulife Financial Corporation is a life insurance company. The company has a market cap of $44.89 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 15.22 P/E ratio. The Company’s divisions, including Asia Division, Canadian Division, U.S.
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