Dec. 8 at 3:00 PM
$MFC hits a 52-week high — is it still a buy?
Manulife Financial's share price surges 10.5% this past year, outpacing peers like
$PRI,
$VOYA, and
$RGA. With shares trading above both 50-day and 200-day SMAs, momentum is strong. However, a premium P/E of 11.34X vs. the industry’s 7.85X raises questions on valuation.
Opportunity assessment here 👉 https://www.zacks.com/stock/news/2800906/mfc-stock-outperforms-industry-hits-52-week-high-time-to-hold?cid=sm-stocktwits-2-2800906-body-23798&ADID=SYND_STOCKTWITS_TWEET_2_2800906_BODY_23798