After Today’s Huge Increase, Is Manulife Financial Corp.’s Near-Term Analysis Positive?

 After Today's Huge Increase, Is Manulife Financial Corp.'s Near Term Analysis Positive?

The stock of Manulife Financial Corp. (TSE:MFC) is a huge mover today! About 263,879 shares traded hands. Manulife Financial Corp. (TSE:MFC) has risen 23.94% since April 20, 2016 and is uptrending. It has outperformed by 18.53% the S&P500.
The move comes after 8 months positive chart setup for the $47.24B company. It was reported on Nov, 24 by Barchart.com. We have $25.91 PT which if reached, will make TSE:MFC worth $4.25 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 -2.40% below today’s ($23.77) stock price. Manulife Financial Corp. has been the topic of 16 analyst reports since October 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Dundee Securities on Wednesday, September 21 with “Buy”.

More notable recent Manulife Financial Corp. (TSE:MFC) news were published by: Fool.ca which released: “Trump Makes Manulife Financial Corp. a Solid Long-Term Financials Play” on November 21, 2016, also Marketwatch.com with their article: “Manulife Financial Corporation announces Preferred Share issue” published on November 14, 2016, Business.Financialpost.com published: “Manulife Financial Corp profit soars 79.6% on investment gains” on November 10, 2016. More interesting news about Manulife Financial Corp. (TSE:MFC) were released by: Forbes.com and their article: “Manulife Financial Reaches Analyst Target Price” published on November 15, 2016 as well as Fool.ca‘s news article titled: “Why Manulife Financial Corp. Is Heading Higher” with publication date: November 23, 2016.

Manulife Financial Corporation is a life insurance company. The company has a market cap of $47.24 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 15.75 P/E ratio. The Company’s divisions, including Asia Division, Canadian Division, U.S.

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