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National Bank Keeps Their Buy Rating on Manulife Financial (MFC)


Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Manulife Financial (TSX: MFC) received a Buy rating from National Bank’s analyst Gabriel Dechaine, with a C$27 price target.

According to TipRanks.com, Dechaine is ranked #478 out of 4886 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Manulife Financial with a C$29.17 average price target.

Based on Manulife Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$13.11 billion and net profit of C$1.26 billion. In comparison, last year the company earned revenue of C$11.46 billion and had a net profit of C$1.11 billion.

Manulife Financial Corp. is a holding company, which engages in the provision of financial protection and wealth management products and services. It operates through the following business segments: Protection; Wealth and Asset Management; Other Wealth; and Corporate and Other.

The company’s shares closed on Friday at C$21.82.