In a new note to investors on May 2, an analyst has provided a rating update for the Financial sector company, Manulife Financial (MFC). On May 2, analyst Scott Chan CFA gave a Buy rating to MFC and set a C$32 price target.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -0.1% and a 53.4% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and Canadian Western Bank.
Manulife Financial has an analyst consensus of Strong Buy, with a price target consensus of C$30, representing a 22.3% upside. In a report issued on April 22, BMO Capital also reiterated a Buy rating on the stock with a C$32 price target.
.
Manulife Financial’s market cap is currently C$49.18B and has a P/E ratio of 9.1. The company has a Price to Book ratio of 1.17.
Manulife Financial Corp. is a financial services company, which engages in the provision of financial protection and wealth management products and services. It operates through the following business segments: Asia, Canada, U.S., Global Wealth and Asset Management and Corporate & Other.
The company’s shares closed on Monday at C$24.53, close to its 52-week high of C$25.20.
