Sun Life Financial Inc. (SLF) Receives Buy Rating from Dundee Securities
Sun Life Financial Inc. (TSE:SLF)‘s stock had its “buy” rating restated by investment analysts at Dundee Securities in a report released on Wednesday. They currently have a C$48.00 price objective on the stock. Dundee Securities’ price objective indicates a potential upside of 13.85% from the company’s previous close.
A number of other brokerages have also weighed in on SLF. National Bank Financial raised their price target on shares of Sun Life Financial from C$44.00 to C$47.00 and gave the company an “outperform” rating in a report on Tuesday, May 24th. Scotiabank lowered their target price on shares of Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating for the company in a report on Thursday, August 11th. CIBC lowered their target price on shares of Sun Life Financial from C$47.00 to C$46.00 in a report on Thursday, August 11th. TD Securities reaffirmed a “buy” rating and set a C$47.00 target price on shares of Sun Life Financial in a report on Thursday, August 11th. Finally, Canaccord Genuity lowered their target price on shares of Sun Life Financial from C$47.00 to C$46.00 and set a “buy” rating for the company in a report on Thursday, August 11th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Sun Life Financial currently has a consensus rating of “Buy” and a consensus price target of C$45.92.
Shares of Sun Life Financial (TSE:SLF) traded up 0.78% during mid-day trading on Wednesday, hitting $42.49. The company had a trading volume of 389,625 shares. The company has a market capitalization of $26.04 billion and a P/E ratio of 12.83. The firm’s 50-day moving average price is $41.55 and its 200 day moving average price is $42.44. Sun Life Financial has a one year low of $36.64 and a one year high of $46.12.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.84%.
About Sun Life Financial
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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