TD Securities Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by TD Securities from C$83.00 to C$86.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Securities’ price objective indicates a potential downside of 0.62% from the stock’s current price.

A number of other brokerages have also recently weighed in on SLF. Scotiabank reduced their price target on Sun Life Financial from C$94.00 to C$90.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Jefferies Financial Group dropped their price target on shares of Sun Life Financial from C$96.00 to C$90.00 in a research report on Monday, April 21st. Royal Bank of Canada set a C$82.00 price target on Sun Life Financial and gave the stock an “outperform” rating in a report on Tuesday, April 15th. Barclays dropped their target price on shares of Sun Life Financial from C$87.00 to C$86.00 in a research report on Friday. Finally, National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$85.50.

Sun Life Financial Trading Up 3.6 %

TSE:SLF opened at C$86.54 on Friday. 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. The company has a market capitalization of C$49.43 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.33 and a beta of 0.94. The stock’s 50 day moving average price is C$80.28 and its 200 day moving average price is C$82.19. Sun Life Financial has a 52 week low of C$64.38 and a 52 week 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.