Manulife Financial (TSE:MFC) (NYSE:MFC) has been assigned a C$26.00 price objective by investment analysts at Evercore in a research report issued to clients and investors on Thursday. The firm currently has an “in-line” rating on the financial services provider’s stock. Evercore’s price objective would suggest a potential upside of 16.44% from the stock’s current price.
A number of other analysts also recently commented on MFC. Canaccord Genuity set a C$29.00 price objective on Manulife Financial and gave the stock a “buy” rating in a research report on Tuesday, July 24th. CIBC raised their price objective on Manulife Financial from C$25.00 to C$26.50 in a research report on Sunday, November 4th. National Bank Financial reduced their price objective on Manulife Financial from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research report on Thursday, August 9th. Finally, Desjardins reduced their price objective on Manulife Financial from C$29.00 to C$27.00 in a research report on Tuesday, October 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$28.50.
Shares of MFC stock opened at C$22.33 on Thursday. Manulife Financial has a 12 month low of C$19.63 and a 12 month high of C$27.77.
In related news, Director Michael James Doughty sold 18,129 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of C$24.14, for a total transaction of C$437,634.06. Also, insider Rahim Hirji sold 22,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of C$24.30, for a total value of C$534,600.00. Insiders have sold a total of 45,883 shares of company stock valued at $1,111,136 in the last 90 days.
Manulife Financial Company Profile
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 offers individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing.
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