Manulife Financial Corp (MFC) Receives ‘Analyst’ Rating

Manulife Financial Corp (MFC) : 4 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 Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.2.

Manulife Financial Corp (MFC) : The most positive equity analysts on Manulife Financial Corp (MFC) expects the shares to touch $18, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $16.2 with an expected fluctuation of $1.08 from the mean.


Also, Bank of America initiates coverage on Manulife Financial Corp (NYSE:MFC). The rating major has initiated the coverage with buy rating on the shares. The rating by the firm was issued on August 24, 2016.

Manulife Financial Corp (NYSE:MFC): After opening at $13.47, the stock dipped to an intraday low of $13.46 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.82 and the buying power remained strong till the end. The stock closed at $13.81 for the day, a gain of 2.60% for the day session. The total traded volume was 2,628,455. The stocks close on the previous trading day was $13.46.

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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