Trade Report: The Manulife Financial Corp. (MFC) Price Target Increased to C$20.00 by Analysts at Barclays PLC

The Manulife Financial Corp. (MFC) Price Target Increased to C$20.00 by Analysts at Barclays PLC

Manulife Financial Corp. (TSE:MFC) had its price target lifted by investment analysts at Barclays PLC from C$19.00 to C$20.00 in a research report issued on Thursday. Barclays PLC’s price objective points to a potential upside of 3.79% from the company’s previous close.

Several other research firms also recently commented on MFC. Dundee Securities reissued a “buy” rating and set a C$22.00 target price on shares of Manulife Financial Corp. in a research report on Wednesday, September 21st. Scotiabank lowered their target price on shares of Manulife Financial Corp. from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Friday, August 5th. CSFB lowered their target price on shares of Manulife Financial Corp. from C$22.00 to C$21.00 in a research report on Saturday, August 6th. TD Securities reissued a “hold” rating and set a C$19.00 target price on shares of Manulife Financial Corp. in a research report on Friday, August 5th. Finally, CIBC downgraded shares of Manulife Financial Corp. from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$21.00 to C$19.00 in a research report on Saturday, August 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Manulife Financial Corp. has an average rating of “Buy” and a consensus price target of C$20.85.

Shares of Manulife Financial Corp. (TSE:MFC) traded down 0.52% during trading on Thursday, hitting $19.17. The stock had a trading volume of 2,165,302 shares. The stock has a market cap of $37.82 billion and a price-to-earnings ratio of 15.21. Manulife Financial Corp. has a one year low of $15.32 and a one year high of $22.65. The stock’s 50-day moving average price is $18.26 and its 200 day moving average price is $18.11.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, August 16th were paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Friday, August 12th.

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