Scotiabank Issues Pessimistic Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective dropped by research analysts at Scotiabank from C$94.00 to C$90.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Scotiabank’s price target indicates a potential upside of 8.50% from the company’s previous close.

Several other research firms have also recently issued reports on SLF. National Bank Financial raised Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. National Bankshares decreased their price objective on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Barclays boosted their price target on shares of Sun Life Financial from C$85.00 to C$87.00 in a research report on Friday, April 11th. Royal Bank of Canada set a C$82.00 price objective on shares of Sun Life Financial and gave the stock an “outperform” rating in a report on Tuesday, April 15th. Finally, Jefferies Financial Group reduced their target price on Sun Life Financial from C$96.00 to C$90.00 in a report on Monday, April 21st. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$85.70.

Sun Life Financial Stock Up 1.3 %

Shares of TSE:SLF opened at C$82.95 on Thursday. The stock’s 50-day moving average is C$79.87 and its 200 day moving average is C$82.00. The company has a market cap of C$47.38 billion, a PE ratio of 12.51, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54.

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.