It’s been a crucial week for Manulife Financial Corporation (TSE:MFC); here’s what analysts have to say.

May 8, 2018 - By Peter Erickson

Manulife Financial Corporation (TSE:MFC) Logo

Manulife Financial Corporation (TSE:MFC) Ratings Coverage

Among 4 analysts covering Manulife Financial (TSE:MFC), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Manulife Financial had 4 analyst reports since November 10, 2017 according to SRatingsIntel. BMO Capital Markets maintained Manulife Financial Corporation (TSE:MFC) rating on Friday, November 10. BMO Capital Markets has “Outperform” rating and $31 target. Below is a list of Manulife Financial Corporation (TSE:MFC) latest ratings and price target changes.

10/11/2017 Broker: BMO Capital Markets Rating: Outperform New Target: $31.00 Maintain
10/11/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $27.00 New Target: $29.00 Target Up
10/11/2017 Broker: RBC Capital Markets Rating: Outperform Old Target: $28.00 New Target: $30.00 Target Up
10/11/2017 Broker: Scotia Capital Rating: Outperform Old Target: $31.00 New Target: $32.00 Target Up

The stock increased 1.66% or $0.4 during the last trading session, reaching $24.49. About 4.73 million shares traded or 21.02% up from the average. Manulife Financial Corporation (TSE:MFC) has 0.00% since May 8, 2017 and is . It has underperformed by 11.55% the S&P500.

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company has market cap of $48.57 billion. It offers various individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing. It has a 24.99 P/E ratio. The firm also provides pension contracts and mutual fund services and products; various retirement products to group benefit plans; and annuities, single premium, and banking products, such as deposit and credit products to Canadian customers, as well as non-guaranteed, partially guaranteed, and fully guaranteed investment options through general and separate account products.

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