RBC Capital Initiates Coverage on Sun Life Financial (SLF)
Investment analysts at RBC Capital assumed coverage on shares of Sun Life Financial (NYSE:SLF) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “sector perform” rating and a $36.00 price target on the stock. RBC Capital’s target price indicates a potential upside of 3.96% from the stock’s previous close.
A number of other firms have also recently commented on SLF. Analysts at Zacks reiterated a “neutral” rating on shares of Sun Life Financial in a research note to investors on Friday, December 13th. They now have a $35.00 price target on the stock. Separately, analysts at Desjardins initiated coverage on shares of Sun Life Financial in a research note to investors on Thursday, December 12th. They set a “buy” rating on the stock. Finally, analysts at Scotiabank upgraded shares of Sun Life Financial from an “underperform” rating to a “sector perform” rating in a research note to investors on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $35.40.
Shares of Sun Life Financial (NYSE:SLF) traded up 0.66% during mid-day trading on Friday, hitting $34.86. 50,398 shares of the company’s stock traded hands. Sun Life Financial has a one year low of $25.54 and a one year high of $36.33. The stock’s 50-day moving average is $34.8 and its 200-day moving average is $32.67. The company has a market cap of $21.167 billion and a price-to-earnings ratio of 26.08.
Sun Life Financial (NYSE:SLF) last announced its earnings results on Wednesday, November 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06.
Sun Life Financial Inc (NYSE:SLF) is the holding company of Sun Life Assurance Company of Canada (Sun Life Assurance).
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