Manulife Financial Corp. (MFC) Scheduled to Post Quarterly Earnings on Wednesday

Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) will be issuing its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of C$0.56 per share for the quarter.

Manulife Financial Corp. (TSE MFC) opened at 25.94 on Wednesday. The company’s 50 day moving average price is $25.34 and its 200 day moving average price is $24.59. The firm has a market cap of $51.31 billion and a PE ratio of 14.17. Manulife Financial Corp. has a 52-week low of $18.96 and a 52-week high of $26.16.

In other news, insider Marianne Harrison sold 3,703 shares of Manulife Financial Corp. stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of C$24.26, for a total value of C$89,834.78.

A number of research firms recently commented on MFC. BMO Capital Markets reiterated an “outperform” rating and set a C$30.00 price target on shares of Manulife Financial Corp. in a report on Wednesday, October 11th. Royal Bank Of Canada raised their price objective on shares of Manulife Financial Corp. from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. National Bank Financial raised their price objective on shares of Manulife Financial Corp. from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 10th. Finally, Barclays PLC raised their price objective on shares of Manulife Financial Corp. from C$28.00 to C$29.00 in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Manulife Financial Corp. has an average rating of “Buy” and an average price target of C$26.92.

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Manulife Financial Corp. Company Profile

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

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