Analyst Price Target Update on Manulife Financial Corp (NYSE:MFC)

Manulife Financial Corp (NYSE:MFC): The mean short term price target for Manulife Financial Corp (NYSE:MFC) has been established at $16.76 per share. The higher price target estimate is at $18 and the lower price target estimate is expected at $15 according to 4 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $1.55

For the current week, the company shares have a recommendation consensus of Buy.

Manulife Financial Corp (NYSE:MFC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.64% at $14.03 with 1,914,573 shares getting traded. Post opening the session at $13.99, the shares hit an intraday low of $13.95 and an intraday high of $14.26 and the price was in this range throughout the day. The company has a market cap of $27,672 million and the number of outstanding shares have been calculated to be 1,972,338,000 shares. The 52-week high of Manulife Financial Corp (NYSE:MFC) is $19.59 and the 52-week low is $10.99.

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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