Sun Life Financial (TSE:SLF) Stock Rating Lowered by Barclays

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

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

Sun Life Financial Stock Down 2.7%

TSE:SLF opened at C$85.78 on Monday. 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 stock has a market cap of C$49.00 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.33 and a beta of 0.94. The stock has a 50-day moving average price of C$87.44 and a two-hundred day moving average price of C$83.55.

Insiders Place Their Bets

In other Sun Life Financial news, Director Kevin Strain bought 3,850 shares of the business's stock in a transaction on Thursday, June 5th. The stock was purchased at an average cost of C$89.10 per share, for a total transaction of C$343,035.00. Also, Senior Officer Daniel Fishbein sold 37,662 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$87.60, for a total value of C$3,299,191.20. Insiders have sold 188,721 shares of company stock valued at $16,554,701 over the last ninety days. Company 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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