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Manulife Financial shares hit a 52-week high of C$49.92, rising C$0.69, on strong earnings and a "buy" rating.
Manulife Financial (TSE:MFC) rose to a 52-week high of C$49.92, closing at C$49.87, up C$0.69, on Thursday, with lower-than-average trading volume.
The stock has a consensus "Moderate Buy" rating and a price target of C$51.25, supported by a 50-day moving average of C$47.18 and a 200-day average of C$44.32.
Desjardins maintained a C$55.00 price target, citing a 10.46% upside, and reaffirmed its "buy" rating.
The company, a major Canadian life insurer and wealth manager in North America and Asia, reported quarterly earnings of C$1.16 per share and revenue of C$26.23 billion on November 12, with a market cap of C$83.71 billion and projected full-year earnings of C$3.61 per share.
Las acciones de Manulife Financial alcanzaron un máximo de 52 semanas de C $ 49.92, aumentando C $ 0.69, con fuertes ganancias y una calificación de "comprar".