TD Securities Upgrades Sun Life Financial (SLF) to “Buy”
Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage presently has a C$60.00 price objective on the financial services provider’s stock, up from their prior price objective of C$54.00. TD Securities’ target price would suggest a potential upside of 14.68% from the stock’s current price.
SLF has been the subject of several other research reports. National Bank Financial increased their price objective on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. CSFB increased their price objective on shares of Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday, November 1st. Royal Bank of Canada raised their target price on shares of Sun Life Financial from C$53.00 to C$56.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Barclays raised their target price on shares of Sun Life Financial from C$53.00 to C$55.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$55.13.
Shares of Sun Life Financial (TSE SLF) traded up C$0.32 during mid-day trading on Monday, hitting C$52.32. 752,977 shares of the stock traded hands, compared to its average volume of 788,763. Sun Life Financial has a 52 week low of C$43.51 and a 52 week high of C$53.25. The company has a market capitalization of $31,980.00, a P/E ratio of 12.08 and a beta of 0.56.
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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