CIBC analyst Paul Holden maintained a Hold rating on Manulife Financial (MFC – Research Report) yesterday and set a price target of C$34.00. The company’s shares closed yesterday at $24.69.
Holden covers the Financial sector, focusing on stocks such as Bank Of Nova Scotia, Toronto Dominion Bank, and Laurentian Bank. According to TipRanks, Holden has an average return of 8.0% and a 60.59% success rate on recommended stocks.
Currently, the analyst consensus on Manulife Financial is a Moderate Buy with an average price target of $25.87, which is a 4.78% upside from current levels. In a report released on February 15, National Bank also maintained a Hold rating on the stock with a C$33.00 price target.
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Based on Manulife Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $22.98 billion and a net profit of $1.01 billion. In comparison, last year the company had a GAAP net loss of $3.94 billion
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Manulife Financial (MFC) Company Description:
Canada-based Manulife Financial Corp. is a financial services company, which provides financial advice, insurance and wealth and asset management products and services in Asia, Canada, the United States, and other international markets.
Read More on MFC:
- Manulife Financial downgraded to Reduce from Buy at Veritas
- Manulife Financial upgraded to Buy from Market Perform at Cormark
- Manulife Financial price target raised to C$33 from C$29 at National Bank
- Manulife Financial price target raised to C$35 from C$34 at TD Securities
- Manulife Financial upgraded to Buy from Hold at Desjardins
