National Bank Financial Comments on Sun Life Financial Inc’s FY2017 Earnings (SLF)
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Equities researchers at National Bank Financial raised their FY2017 earnings per share estimates for shares of Sun Life Financial in a research note issued on Tuesday. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $4.04 per share for the year, up from their previous forecast of $4.03. National Bank Financial has a “Outperform” rating and a $53.00 price objective on the stock. National Bank Financial also issued estimates for Sun Life Financial’s Q4 2017 earnings at $1.01 EPS and FY2018 earnings at $4.35 EPS.
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Several other brokerages have also issued reports on SLF. CSFB lifted their target price on shares of Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday. Scotiabank lifted their target price on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Friday, August 11th. Royal Bank Of Canada lifted their target price on shares of Sun Life Financial from C$51.00 to C$53.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Finally, Barclays PLC lifted their target price on shares of Sun Life Financial from C$52.00 to C$53.00 in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Sun Life Financial has an average rating of “Buy” and an average target price of C$53.42.
In other news, insider Kevin Strain sold 34,298 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of C$49.15, for a total value of C$1,685,746.70.
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 company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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