What’s Manulife Financial Corp. Downside After Today’s Huge Decline?

 What's Manulife Financial Corp. Downside After Today's Huge Decline?

The stock of Manulife Financial Corp. (TSE:MFC) is a huge mover today! About 1.28M shares traded hands. Manulife Financial Corp. (TSE:MFC) has risen 25.35% since April 22, 2016 and is uptrending. It has outperformed by 19.33% the S&P500.
The move comes after 9 months negative chart setup for the $45.89 billion company. It was reported on Nov, 28 by Barchart.com. We have $21.84 PT which if reached, will make TSE:MFC worth $2.75B 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 -0.13% below today’s ($23.23) 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: Streetinsider.com which released: “Form 6-K MANULIFE FINANCIAL CORP For: Nov 28” on November 28, 2016, also Marketwatch.com with their article: “Manulife Financial Corporation announces Preferred Share issue” published on November 14, 2016, Fool.ca published: “Trump Makes Manulife Financial Corp. a Solid Long-Term Financials Play” on November 21, 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 Business.Financialpost.com‘s news article titled: “Manulife Financial Corp profit soars 79.6% on investment gains” with publication date: November 10, 2016.

Manulife Financial Corporation is a life insurance company. The company has a market cap of $45.89 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 15.39 P/E ratio. The Company’s divisions, including Asia Division, Canadian Division, U.S.

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