Manulife stock price forecast shows moderate upside potential as

Manulife stock price forecast shows moderate upside potential as analysts project a 12-month target range between CAD 27.50 and CAD 30.00, supported by steady insurance premium growth and diversified asset management revenues. At first glance, Manulife Financial seems to have a decent ROE. Further, the company's ROE is similar to the industry average of 12%. For this reason, Manulife Financial's five year net income decline of 16% raises the question as to why the decent ROE didn't translate into growth. Based on this, we feel that there might be other reasons which haven't been discussed so far in this article that could be hampering the company's growth. Such as, the company pays out a huge portion of its earnings as dividends, or is faced with competitive pressures. For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Analysts tracking Manulife stock price forecast highlight a favorable yield spread environment, benefiting the firm’s investment portfolio, while strengthening cash flows could push the valuation multiple higher.