Brokerage Firm Rating Update on Manulife Financial Corp (MFC)

Manulife Financial Corp (MFC) : 5 analysts are covering Manulife Financial Corp (MFC) and their average rating on the stock is 1.2, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Manulife Financial Corp (MFC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels.

Manulife Financial Corp (MFC) : Currently there are 4 street experts covering Manulife Financial Corp (MFC) stock. The most bullish and bearish price target for the stock is $18 and $15 respectively for the short term. The average price target of all the analysts comes to $16.2. The estimated standard deviation from the target is $1.08.


For the current week, the company shares have a recommendation consensus of Buy. Also, Bank of America initiates coverage on Manulife Financial Corp (NYSE:MFC) The shares have been rated Buy. The rating by the firm was issued on August 24, 2016.

Manulife Financial Corp (NYSE:MFC): stock was range-bound between the intraday low of $13.68 and the intraday high of $13.849 after having opened at $13.81 on Wednesdays session. The stock finally closed in the red at $13.81, a loss of -0.72%. The stock remained in the red for the whole trading day. The total traded volume was 2,033,744 shares. The stock failed to cross $13.849 in Wednesdays trading. The stocks closing price on Thursday was $13.84.

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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