Manulife Financial Corp (MFC) : Analyst Rating Update

Manulife Financial Corp (MFC) : 2 brokerage houses believe that Manulife Financial Corp (MFC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 3 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.33.

Manulife Financial Corp (MFC) : The consensus price target for Manulife Financial Corp (MFC) is $16.64 for the short term with a standard deviation of $1.42. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $18, however, the pessimist price target for the company is $15.

Manulife Financial Corp (NYSE:MFC): The stock opened at $13.04 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.09 for the day. The stock traded down to $12.69 during the day, due to lack of any buying support eventually closed down at $13.02 with a loss of -1.14% for the day. The stock had closed at $13.17 on the previous day. The total traded volume was 3,220,816 shares.

The company shares have dropped -26.05% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $19.61 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $14.22 and the 200 Day Moving Average price is recorded at $13.91.

Manulife Financial Corp is a Canada-based financial services and life insurance company. The Company offers financial protection and wealth management products and services. It caters to personal and business clients. It also provides asset management services to institutional customers. Its operating segments are Asia, Canadian and U.S. Divisions, and the Corporate and Other segment. Its Asia, Canadian and U.S. Divisions segment offers protection and wealth management services, such as life insurance and individual group long-term care insurance, annuities, pension contracts and mutual fund products and services, retirement products, and deposit and credit products to Canadian customers, among others. The Companys Corporate and Other segment consists of investment performance on assets backing capital, net of amounts allocated to operating division and financing costs, external asset management business, and property and casualty (P&C) reinsurance business, among others.

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