Short Term Price Target on Manulife Financial Corp (MFC)

Manulife Financial Corp (NYSE:MFC) : The consensus price target for Manulife Financial Corp (NYSE: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 Corporation has lost 7.01% in the last five trading days and dropped 7.64% in the last 4 weeks. Manulife Financial Corporation has dropped 1.64% during the last 3-month period . Year-to-Date the stock performance stands at -6.83%.

Manulife Financial Corp (NYSE:MFC) : Zacks Investment Research ranks Manulife Financial Corp (NYSE:MFC) as 1, which is a Strong Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 4 research analysts is 1.25, which indicates as a Strong Buy.

Manulife Financial Corp (NYSE:MFC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.50 and $13.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.67, notching a gain of 1.71% for the day. The total traded volume was 2,617,548 . The stock had closed at $13.44 on the previous day.

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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