TD Securities Increases Sun Life Financial (TSE:SLF) Price Target to C$67.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by research analysts at TD Securities from C$61.00 to C$67.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective would suggest a potential upside of 9.84% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Evercore reduced their price objective on shares of Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday. Canaccord Genuity lifted their price objective on shares of Sun Life Financial from C$58.00 to C$60.50 in a research report on Friday. National Bank Financial cut shares of Sun Life Financial from an “outperform overweight” rating to a “sector perform overweight” rating and set a C$63.00 price objective for the company. in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of Sun Life Financial from C$60.00 to C$67.00 in a research report on Friday. Finally, Evercore ISI reduced their price objective on shares of Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of C$61.71.

Shares of TSE:SLF traded up C$0.02 during midday trading on Friday, hitting C$61.00. The stock had a trading volume of 593,504 shares, 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 quick ratio of 10,082.25, a current ratio of 10,847.75 and a debt-to-equity ratio of 16.62. The business’s 50-day simple moving average is C$58.73 and its 200-day simple moving average is C$55.38. The company has a market cap of $34.98 billion and a P/E ratio of 15.51.

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

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.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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