Previous Story
Manulife Financial profit stung by oil and gas losses
Posted On Nov 14 2015
Comment: Off
Manulife Financial Corp. was the topic in 4 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company’s 50-day moving average is $16.35 and its 200-day moving average is $17.41. Canaccord Genuity reissued a “buy” rating on shares of Manulife Financial in a report on Thursday.
Analysts at Zacks have given a short term rating of hold on Manulife Financial Corp (NYSE:MFC) with a rank of 3. Manulife Financial has a 12 month low of $14.26 and a 12 month high of $20.23. Assets the company oversees jumped 19 per cent to $888 billion, reflecting acquisitions and sales to third party clients including pension funds.
A number of other equities research analysts have also recently commented on the stock. Finally, CIBC decreased their price objective on Manulife Financial Corp. from C$26.00 to C$25.00 in a research note on Wednesday, October 28th. The higher price target estimate for the stock has been calculated at $22 while the lower price target estimate is at $20. Barclays reduced their target price on shares of Manulife Financial from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, September 22nd. TD Securities maintained the stock on August 7 with “Buy” rating. During the last trading day, the minimum price at which share is traded was $15.99 and peak price of the day was $16.39.
Manulife Financial Corp is a Canada-based life insurance carrier and financial services.
The conference call and accompanying presentation materials will include statements relating to the business, operations, financial results and outlook of MetLife, as well as certain projections regarding the company’s future performance. The Companys segments are Asia, Canadian and U.S. Divisions and the Corporate and Other segment. Additionally, it provides asset management services to institutional customers.
The insurer enjoyed strong results in its insurance sales and wealth management divisions, driven in part by its expansion in Asia.
