Analyst Coverage Change
Today’s latest analyst ratings release on Manulife’s stock:
- Scotia Capital has lowered their target price to CAD 32 on 05/12/2023.
- RBC has increased their target price and rated the stock as Sector Perform with a target of CAD 30 on 05/12/2023.
- Cormark Securities has downgraded their target price to CAD 28 on 05/12/2023.
- Canaccord Genuity has also lowered their target price to CAD 28 on 05/12/2023.
- TD Securities has upgraded their target price and listed the stock as a Buy on their Action Buy List, with a target of CAD 35 on 05/11/2023.
MFC Stock Forecast & Analysis
Manulife Financial Corp, a prominent insurance and financial services company, has recently garnered attention in the stock market. Analysts have provided their forecasts and ratings to shed light on the future trajectory of Manulife’s stock. Let’s delve into the analysis of Manulife Financial Corp’s stock forecast.
According to the predictions of 12 analysts, the average target price for Manulife Financial Corp over the next 12 months is estimated to be CAD 27.00. This projection suggests a relatively modest growth potential in the stock. The average analyst rating for Manulife Financial Corp is “Hold,” indicating a neutral sentiment among analysts regarding the stock’s performance.
Stock Target Advisor, a platform providing independent stock analysis, has conducted its own assessment of Manulife Financial Corp’s stock. Their analysis categorizes the stock as “Slightly Bullish.” This designation is derived from evaluating 9 positive signals and 4 negative signals associated with the company. It implies a cautiously optimistic outlook for Manulife’s stock.
As of the latest closing, Manulife Financial Corp’s stock price stood at CAD 26.19. Over the past week, the stock price has shown a marginal increase of +0.42%. Moreover, the stock has exhibited a positive trend over the past month, with a growth of +3.15%. Looking at the longer term, the stock has experienced a substantial rise of +7.56% over the last year.
It is important to note that analyst forecasts and ratings are based on various factors, including financial performance, industry trends, and market conditions. However, they should be approached with caution as they are subjective opinions and subject to change over time.
Investors and market participants should conduct thorough research and consider multiple factors before making investment decisions. The stock market is dynamic, and various factors can influence the future performance of a company’s stock.
The average analyst target price for Manulife Financial Corp suggests limited growth potential. The average analyst rating indicates a neutral stance. Stock Target Advisor’s analysis leans slightly towards optimism, considering the positive signals. The stock has shown moderate gains in recent periods. Investors should exercise diligence and consider additional factors when evaluating investment opportunities in Manulife Financial Corp’s stock.
