Royal Bank of Canada Increases Sun Life Financial (TSE:SLF) Price Target to C$88.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target increased by stock analysts at Royal Bank of Canada from C$82.00 to C$88.00 in a research note issued on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 1.14% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. National Bank Financial upgraded Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Cormark upgraded Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Barclays decreased their target price on Sun Life Financial from C$87.00 to C$86.00 in a report on Friday, May 9th. TD Securities upped their target price on Sun Life Financial from C$83.00 to C$86.00 and gave the company a “hold” rating in a report on Friday, May 9th. Finally, Jefferies Financial Group decreased their target price on Sun Life Financial from C$96.00 to C$90.00 in a report on Monday, April 21st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Sun Life Financial has a consensus rating of “Moderate Buy” and a consensus target price of C$86.89.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock opened at C$87.01 on Monday. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. The company has a market cap of C$49.70 billion, a PE ratio of 13.12, a P/E/G ratio of 1.33 and a beta of 0.94. The business has a 50 day moving average of C$80.58 and a 200 day moving average of C$82.34. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$88.54.

Sun Life Financial Company Profile

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.