Sun Life Financial (TSE:SLF) Given New C$87.00 Price Target at TD Securities

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective hoisted by TD Securities from C$81.00 to C$87.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Securities’ price target indicates a potential upside of 2.50% from the company’s previous close.

A number of other research firms have also issued reports on SLF. Royal Bank of Canada increased their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Jefferies Financial Group lifted their target price on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Cormark upped their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Barclays lifted their price objective on Sun Life Financial from C$76.00 to C$79.00 in a research report on Tuesday, November 5th. Finally, CIBC upped their target price on Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday. Three 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 presently has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Stock Down 1.2 %

TSE:SLF opened at C$84.88 on Thursday. The business’s fifty day moving average price is C$78.34 and its 200 day moving average price is C$72.22. The firm has a market capitalization of C$48.93 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.33 and a beta of 0.94. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$86.39.

Insiders Place Their Bets

In other Sun Life Financial news, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total value of C$7,280,231.53. Also, Senior Officer Linda Dougherty sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total value of C$150,590.00. Company insiders own 0.03% of the company’s stock.

About Sun Life Financial

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.