Sun Life Financial Inc. (TSE:SLF) had its price target increased by stock analysts at Barclays PLC from C$44.00 to C$45.00 in a research report issued on Thursday. Barclays PLC’s price target would indicate a potential upside of 3.62% from the stock’s previous close.
A number of other brokerages also recently issued reports on SLF. Canaccord Genuity reduced their price objective on shares of Sun Life Financial from C$47.00 to C$46.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. Scotiabank reduced their price objective on shares of Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. CIBC increased their target price on shares of Sun Life Financial from C$46.00 to C$47.00 in a research report on Thursday, September 15th. Dundee Securities reissued a “buy” rating and set a C$48.00 target price on shares of Sun Life Financial in a research report on Wednesday, September 21st. Finally, TD Securities reissued a “buy” rating and set a C$47.00 target price on shares of Sun Life Financial in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Sun Life Financial currently has a consensus rating of “Buy” and a consensus price target of C$46.00.
Shares of Sun Life Financial (TSE:SLF) traded down 0.18% on Thursday, reaching $43.35. 659,244 shares of the company were exchanged. The firm has a 50 day moving average price of $41.92 and a 200-day moving average price of $42.58. Sun Life Financial has a 12-month low of $36.64 and a 12-month high of $46.12. The stock has a market capitalization of $26.57 billion and a PE ratio of 13.09.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.73%.
Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.
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