Sun Life Financial Inc. (SLF) Price Target Increased to C$45.00 by Analysts at Barclays PLC
Sun Life Financial Inc. (TSE:SLF) had its price target hoisted by equities research analysts at Barclays PLC from C$44.00 to C$45.00 in a research note issued on Thursday. Barclays PLC’s target price would suggest a potential upside of 3.62% from the stock’s current price.
Other analysts have also recently issued reports about the company. CIBC upped their target price on Sun Life Financial from C$46.00 to C$47.00 in a report on Thursday, September 15th. BMO Capital Markets dropped their target price on Sun Life Financial from C$46.00 to C$45.00 in a report on Friday, August 12th. Dundee Securities restated a “buy” rating and issued a C$48.00 target price on shares of Sun Life Financial in a report on Wednesday, September 21st. Canaccord Genuity dropped their target price on 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. Finally, TD Securities restated a “buy” rating and issued a C$47.00 target price on shares of Sun Life Financial 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 stock. The stock has an average rating of “Buy” and a consensus price target of C$46.00.
Shares of Sun Life Financial (TSE:SLF) traded down 0.41% during trading on Thursday, hitting $43.25. The stock had a trading volume of 675,944 shares. Sun Life Financial has a 12 month low of $36.64 and a 12 month high of $46.12. The company’s 50 day moving average price is $41.92 and its 200 day moving average price is $42.58. The stock has a market cap of $26.50 billion and a price-to-earnings ratio of 13.06.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.73%.
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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