Sun Life Financial (TSE:SLF) Given a C$84.00 Price Target by Royal Bank Of Canada Analysts

Sun Life Financial (TSE:SLF) (NYSE:SLF) received a C$84.00 price target from Royal Bank Of Canada in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target would indicate a potential downside of 2.71% from the company’s previous close.

Several other brokerages also recently commented on SLF. BMO Capital Markets reduced their target price on Sun Life Financial from C$99.00 to C$95.00 in a report on Monday, November 10th. CIBC lifted their price objective on Sun Life Financial from C$93.00 to C$95.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Desjardins set a C$94.00 target price on Sun Life Financial and gave the stock a “buy” rating in a report on Thursday, December 18th. Jefferies Financial Group raised their target price on Sun Life Financial from C$96.00 to C$98.00 in a research note on Monday, November 10th. Finally, UBS Group upgraded shares of Sun Life Financial to a “hold” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$92.11.

Sun Life Financial Stock Down 1.4%

SLF opened at C$86.34 on Monday. The firm’s 50-day simple moving average is C$84.27 and its 200-day simple moving average is C$83.72. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. Sun Life Financial has a twelve month low of C$74.56 and a twelve month high of C$91.11. The firm has a market cap of C$47.82 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.33 and a beta of 0.77.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported C$1.86 earnings per share (EPS) for the quarter. The firm had revenue of C$9.07 billion during the quarter. Sun Life Financial had a net margin of 7.58% and a return on equity of 15.69%. Equities research analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.