Manulife Financial (TSE:MFC) Price Target Raised to C$47.00 at Barclays

Manulife Financial (TSE:MFC) (NYSE:MFC) had its price objective raised by research analysts at Barclays from C$40.00 to C$47.00 in a report issued on Monday,BayStreet.CA reports. Barclays‘s price target would suggest a potential upside of 6.79% from the company’s current price.

Several other analysts have also commented on the company. TD Securities lifted their price objective on Manulife Financial from C$45.00 to C$48.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. National Bankshares boosted their price target on Manulife Financial from C$45.00 to C$47.00 in a research note on Thursday, November 7th. Cormark increased their price objective on shares of Manulife Financial from C$47.00 to C$48.00 in a research note on Thursday, November 21st. CIBC raised their price objective on shares of Manulife Financial from C$42.00 to C$46.00 in a report on Friday, November 8th. Finally, Jefferies Financial Group upped their target price on shares of Manulife Financial from C$42.00 to C$47.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Manulife Financial currently has an average rating of “Moderate Buy” and an average price target of C$44.09.

Manulife Financial Trading Down 0.4 %

TSE:MFC opened at C$44.01 on Monday. The company has a market cap of C$77.90 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. The company has a current ratio of 36.68, a quick ratio of 2.58 and a debt-to-equity ratio of 49.60. The company has a 50 day simple moving average of C$44.23 and a two-hundred day simple moving average of C$39.91. Manulife Financial has a 12 month low of C$28.06 and a 12 month high of C$46.42.

Insider Buying and Selling at Manulife Financial

In other news, Senior Officer Steve Finch sold 11,598 shares of Manulife Financial stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$46.07, for a total value of C$534,308.26. Also, Director Brooks Tingle sold 3,866 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$46.07, for a total value of C$178,102.75. Insiders have sold a total of 77,771 shares of company stock valued at $3,508,584 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.