Short Term Rating on Manulife Financial Corp (MFC)

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 highest level Manulife Financial Corp (MFC) is projected to reach is $18 for the short term and the lowest estimate is at $15. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $16.64 and the possibility the share price can swing is $1.42.

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


Manulife Financial Corp (NYSE:MFC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.34 and $13.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.55, notching a gain of 3.51% for the day. The total traded volume was 2,093,193 . The stock had closed at $13.09 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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