National Bank Financial Boosts Manulife Financial (TSE:MFC) Price Target to C$59.00

Posted by Geri Gentry on May 16th, 2026

Manulife Financial (TSE:MFC – Get Free Report) (NYSE:MFC) had its price target raised by investment analysts at National Bank Financial from C$56.00 to C$59.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. National Bank Financial’s price target would indicate a potential upside of 14.08% from the stock’s current price.

Other analysts have also issued research reports about the stock. Jefferies Financial Group lifted their price objective on shares of Manulife Financial from C$54.00 to C$58.00 in a research note on Monday, February 2nd. Scotiabank lifted their price objective on shares of Manulife Financial from C$55.00 to C$56.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. TD Securities lowered their price objective on shares of Manulife Financial from C$60.00 to C$59.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Royal Bank Of Canada lifted their price objective on shares of Manulife Financial from C$52.00 to C$55.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, Desjardins set a C$58.00 price objective on shares of Manulife Financial and gave the company a “buy” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$57.00.

Read Our Latest Stock Analysis on MFC

Manulife Financial Stock Performance

Manulife Financial stock opened at C$51.72 on Thursday. Manulife Financial has a 52-week low of C$41.08 and a 52-week high of C$55.34. The firm has a 50 day moving average price of C$50.07 and a two-hundred day moving average price of C$49.67. The firm has a market cap of C$86.32 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.01 and a beta of 0.74.

Manulife Financial (TSE:MFC – Get Free Report) (NYSE:MFC) last released its quarterly earnings results on Wednesday, May 13th. The financial services provider reported C$1.06 earnings per share (EPS) for the quarter. The firm had revenue of C$2.15 billion during the quarter. Manulife Financial had a net margin of 11.97% and a return on equity of 12.65%. As a group, equities research analysts predict that Manulife Financial will post 3.6104452 EPS for the current fiscal year.

Insider Transactions at Manulife Financial

In related news, Director Adam Thomas Wise sold 3,500 shares of Manulife Financial stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of C$46.47, for a total value of C$162,645.00. Following the completion of the sale, the director owned 2,497 shares of the company’s stock, valued at approximately C$116,035.59. This trade represents a 58.36% decrease in their position. Insiders own 0.03% of the company’s stock.

About Manulife Financial

(Get Free Report)

Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com. One of the largest life insurers in the United States, John Hancock supports more than ten million Americans with a broad range of financial products, including life insurance and annuities.