Dundee Securities Reaffirms “Buy” Rating for Sun Life Financial Inc. (SLF)
Sun Life Financial Inc. (TSE:SLF)‘s stock had its “buy” rating reissued by research analysts at Dundee Securities in a research report issued on Wednesday, StockTargetPrices.com reports. They currently have a C$48.00 price objective on the stock. Dundee Securities’ price objective would indicate a potential upside of 13.85% from the company’s previous close.
SLF has been the topic of a number of other reports. CIBC upped their price target on Sun Life Financial from C$46.00 to C$47.00 in a research report on Thursday, September 15th. National Bank Financial upped their price target on Sun Life Financial from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 24th. Barclays PLC reduced their price target on Sun Life Financial from C$46.00 to C$44.00 in a research report on Tuesday, July 12th. BMO Capital Markets reduced their price target on Sun Life Financial from C$46.00 to C$45.00 in a research report on Friday, August 12th. Finally, Scotiabank reduced their price target on Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Thursday, August 11th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$45.92.
Shares of Sun Life Financial (TSE:SLF) traded up 0.47% during trading on Wednesday, hitting $42.36. The stock had a trading volume of 438,173 shares. The firm has a market cap of $25.96 billion and a P/E ratio of 12.79. Sun Life Financial has a 12-month low of $36.64 and a 12-month high of $46.12. The firm has a 50 day moving average price of $41.55 and a 200 day moving average price of $42.44.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.84%.
Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.
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