Barclays has revised its price target for Manulife Financial (MFC, Financial), adjusting it from C$49 to C$45 while maintaining an Equal Weight rating on the company's shares. This update comes as part of the firm's first-quarter earnings preview for the insurance sector. The evaluation highlights some challenges in life earnings, but notes positive aspects such as group benefits, surplus capital, and attractive cash flows.
The analysis suggests that while the sector is currently dealing with uncertain market conditions, there are still opportunities for growth within specific segments. Barclays emphasizes the resilience offered by Manulife's capital structure and financial flows, which could provide some stability amidst the volatility. Investors are reminded to consider these factors when assessing potential investments in the insurance group.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Manulife Financial Corp (MFC, Financial) is $27.71 with a high estimate of $27.71 and a low estimate of $27.71. The average target implies an upside of 1.50% from the current price of $27.30. More detailed estimate data can be found on the Manulife Financial Corp (MFC) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Manulife Financial Corp's (MFC, Financial) average brokerage recommendation is currently 1.0, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Manulife Financial Corp (MFC, Financial) in one year is $23.30, suggesting a downside of 14.65% from the current price of $27.3. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Manulife Financial Corp (MFC) Summary page.
