Sun Life Financial (TSE:SLF) Price Target Raised to C$67.00 at Desjardins

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price boosted by investment analysts at Desjardins from C$62.00 to C$67.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Desjardins’ target price would indicate a potential upside of 9.84% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Royal Bank of Canada increased their price objective on shares of Sun Life Financial from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a report on Friday. National Bank Financial lowered shares of Sun Life Financial from an “outperform overweight” rating to a “sector perform overweight” rating and set a C$63.00 price objective on the stock. in a report on Thursday. TD Securities decreased their price objective on shares of Sun Life Financial from C$61.00 to C$60.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Evercore decreased their price objective on shares of Sun Life Financial from C$63.00 to C$62.00 in a report on Thursday. Finally, CIBC decreased their price objective on shares of Sun Life Financial from C$54.00 to C$53.00 in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Sun Life Financial currently has a consensus rating of “Buy” and a consensus target price of C$61.71.

TSE:SLF traded up C$0.02 during mid-day trading on Friday, reaching C$61.00. 593,504 shares of the company were exchanged, compared to its average volume of 1,461,673. Sun Life Financial has a 12 month low of C$43.13 and a 12 month high of C$61.91. The company has a fifty day moving average of C$58.73 and a 200 day moving average of C$55.38. The company has a quick ratio of 10,082.25, a current ratio of 10,847.75 and a debt-to-equity ratio of 16.62. The stock has a market cap of $34.98 billion and a PE ratio of 15.51.

In other Sun Life Financial news, Senior Officer Stephen Peacher sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$52.60, for a total transaction of C$631,200.00. Following the sale, the insider now directly owns 15,407 shares in the company, valued at approximately C$810,408.20. Also, Director Dean Connor sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$52.30, for a total transaction of C$1,045,952.00. Following the sale, the director now owns 142,211 shares in the company, valued at C$7,437,293.99. Insiders sold a total of 66,309 shares of company stock worth $3,676,512 over the last quarter.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

See Also: What is dollar cost averaging (DCA)?

Analyst Recommendations for Sun Life Financial (TSE:SLF)

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply