Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its price target upped by equities researchers at Royal Bank of Canada from C$82.00 to C$88.00 in a research note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada's price target would indicate a potential upside of 0.76% from the company's previous close.
A number of other equities research analysts also recently issued reports on SLF. National Bank Financial raised shares of Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. TD Securities upped their price objective on shares of Sun Life Financial from C$83.00 to C$86.00 and gave the stock a "hold" rating in a report on Friday. Barclays lowered their target price on shares of Sun Life Financial from C$87.00 to C$86.00 in a report on Friday. National Bankshares lowered their target price on shares of Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, CIBC dropped their target price on shares of Sun Life Financial from C$94.00 to C$89.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$86.10.
Read Our Latest Research Report on Sun Life Financial
Sun Life Financial Price Performance
Shares of Sun Life Financial stock traded up C$0.80 during trading on Monday, hitting C$87.34. The stock had a trading volume of 735,782 shares, compared to its average volume of 2,170,104. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54. The business's 50-day moving average is C$80.28 and its 200 day moving average is C$82.22. The firm has a market cap of C$49.89 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.
Sun Life Financial Company Profile
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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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