Sun Life Financial (TSE:SLF) Given New C$93.00 Price Target at National Bankshares

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its target price decreased by investment analysts at National Bankshares from C$94.00 to C$93.00 in a report released on Friday,BayStreet.CA reports. National Bankshares' price target would suggest a potential upside of 9.27% from the company's previous close.

SLF has been the subject of a number of other reports. CIBC lowered their price target on Sun Life Financial from C$94.00 to C$89.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. TD Securities raised their price target on Sun Life Financial from C$83.00 to C$86.00 and gave the stock a "hold" rating in a research report on Friday, May 9th. Scotiabank lowered their price target on Sun Life Financial from C$94.00 to C$90.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Barclays downgraded Sun Life Financial from a "hold" rating to a "strong sell" rating in a research report on Monday. Finally, Royal Bank Of Canada lifted their target price on Sun Life Financial from C$82.00 to C$88.00 in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$86.89.

Sun Life Financial Price Performance

Shares of SLF stock traded up C$0.34 on Friday, reaching C$85.11. The company's stock had a trading volume of 364,640 shares, compared to its average volume of 2,167,579. The stock's fifty day simple moving average is C$87.60 and its 200-day simple moving average is C$83.57. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$91.11. 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. The company has a market capitalization of C$48.61 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Insiders Place Their Bets

In other news, Senior Officer Stephen Peacher sold 80,048 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of C$87.70, for a total transaction of C$7,020,209.60. Also, Senior Officer Jacques Jr. Goulet sold 44,199 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$88.17, for a total value of C$3,897,025.83. Insiders have sold a total of 188,721 shares of company stock worth $16,554,701 over the last ninety days. Insiders own 0.03% of the company's stock.

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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