Sun Life Financial (TSE:SLF) Downgraded by Barclays to Strong Sell

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF was downgraded by stock analysts at Barclays from a "hold" rating to a "strong sell" rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on the company. Jefferies Financial Group reduced their price target on Sun Life Financial from C$96.00 to C$90.00 in a research report on Monday, April 21st. TD Securities lifted their price objective on Sun Life Financial from C$83.00 to C$86.00 and gave the stock a "hold" rating in a research note on Friday, May 9th. Royal Bank Of Canada upped their target price on Sun Life Financial from C$82.00 to C$88.00 in a report on Monday, May 12th. CIBC lowered their price target on shares of Sun Life Financial from C$94.00 to C$89.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Scotiabank dropped their price target on shares of Sun Life Financial from C$94.00 to C$90.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sun Life Financial currently has an average rating of "Moderate Buy" and an average target price of C$86.89.

Sun Life Financial Trading Up 0.3%

TSE SLF traded up C$0.23 during trading hours on Monday, reaching C$85.00. The company's stock had a trading volume of 1,309,655 shares, compared to its average volume of 2,174,768. The firm has a fifty day simple moving average of C$87.64 and a 200-day simple moving average of C$83.57. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$91.11. The stock has a market cap of C$48.55 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.33 and a beta of 0.94.

Insider Activity at Sun Life Financial

In other news, Senior Officer Stephen Peacher sold 80,048 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were 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 stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$88.17, for a total transaction of C$3,897,025.83. Insiders have sold 188,721 shares of company stock worth $16,554,701 over the last quarter. 0.03% of the stock is currently owned by insiders.

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.