Sun Life Financial (TSE:SLF) Price Target Raised to C$76.00 at Scotiabank

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) had its price objective raised by analysts at Scotiabank from C$75.00 to C$76.00 in a research report issued on Tuesday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 7.37% from the company’s current price.

Several other brokerages have also recently issued reports on SLF. CIBC raised Sun Life Financial from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. Desjardins set a C$73.00 target price on shares of Sun Life Financial and gave the company a “buy” rating in a research report on Tuesday, December 19th. BMO Capital Markets increased their price target on Sun Life Financial from C$70.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. National Bankshares lifted their price target on Sun Life Financial from C$71.00 to C$72.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 23rd. Finally, Cormark upped their price objective on Sun Life Financial from C$72.00 to C$73.00 in a research report on Tuesday, November 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$74.85.

Get Our Latest Analysis on SLF

Sun Life Financial Stock Performance

TSE SLF opened at C$70.78 on Tuesday. The firm has a market cap of C$41.38 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. The company has a quick ratio of 84,866.00, a current ratio of 56.90 and a debt-to-equity ratio of 26.83. The business has a 50-day moving average price of C$68.80 and a 200-day moving average price of C$67.38. Sun Life Financial has a twelve month low of C$60.01 and a twelve month high of C$71.09.

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) last released its quarterly earnings data on Monday, November 13th. The financial services provider reported C$1.59 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.01. The firm had revenue of C$2.44 billion during the quarter. Sun Life Financial had a return on equity of 14.76% and a net margin of 14.28%. As a group, equities research analysts predict that Sun Life Financial will post 6.7398453 EPS for the current fiscal year.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Director Kevin Strain sold 15,986 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$69.69, for a total transaction of C$1,114,000.40. In related news, Senior Officer Jacques Jr. Goulet sold 124,639 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of C$70.07, for a total transaction of C$8,732,956.17. Also, Director Kevin Strain sold 15,986 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$69.69, for a total value of C$1,114,000.40. 0.02% of the stock is owned by corporate insiders.

About Sun Life Financial

(Get Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.

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