Royal Bank of Canada set a C$82.00 target price on Sun Life Financial (TSE:SLF – Free Report) (NYSE:SLF) in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the financial services provider’s stock.
SLF has been the subject of a number of other reports. Cormark raised Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Barclays lifted their target price on Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Scotiabank lowered their target price on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. National Bankshares lowered their target price on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, CIBC lowered their target price on Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Two investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$87.00.
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Sun Life Financial Trading Up 1.5 %
Sun Life Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.36 annualized dividend and a dividend yield of 4.16%. Sun Life Financial’s dividend payout ratio is currently 48.87%.
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.
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