Sun Life Financial (TSE:SLF) PT Raised to C$73.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target raised by equities research analysts at National Bankshares from C$72.00 to C$73.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. National Bankshares’ price objective would suggest a potential upside of 4.43% from the stock’s current price.

A number of other equities analysts have also issued reports on SLF. Scotiabank dropped their target price on shares of Sun Life Financial from C$76.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. TD Securities cut their price objective on shares of Sun Life Financial from C$73.00 to C$72.00 and set a “hold” rating for the company in a research report on Tuesday. Evercore decreased their target price on Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. Jefferies Financial Group cut their price target on Sun Life Financial from C$83.00 to C$78.00 in a report on Thursday, July 18th. Finally, Royal Bank of Canada lowered their price objective on Sun Life Financial from C$77.00 to C$76.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$76.10.

Sun Life Financial Stock Performance

SLF opened at C$69.90 on Tuesday. The company has a quick ratio of 84,866.00, a current ratio of 56.69 and a debt-to-equity ratio of 26.46. The stock’s 50 day moving average price is C$67.34 and its two-hundred day moving average price is C$70.01. The firm has a market capitalization of C$40.62 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. Sun Life Financial has a 12-month low of C$61.84 and a 12-month high of C$74.94.

Insider Activity at Sun Life Financial

In other news, Director Kevin Strain acquired 12,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average cost of C$67.48 per share, with a total value of C$809,760.00. 0.03% of the stock is currently owned by insiders.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.