Sun Life Financial (TSE:SLF) PT Lowered to C$79.00

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) had its target price dropped by analysts at BMO Capital Markets from C$80.00 to C$79.00 in a research report issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 14.03% from the stock’s current price.

SLF has been the topic of several other reports. CIBC increased their target price on Sun Life Financial from C$77.00 to C$80.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. TD Securities decreased their target price on shares of Sun Life Financial from C$75.00 to C$71.00 in a report on Friday. Scotiabank cut their price target on shares of Sun Life Financial from C$76.00 to C$73.00 and set an “outperform” rating for the company in a report on Monday. Royal Bank of Canada lifted their price objective on shares of Sun Life Financial from C$76.00 to C$77.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, National Bankshares lowered their price objective on shares of Sun Life Financial from C$73.00 to C$72.00 in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Sun Life Financial has a consensus rating of “Moderate Buy” and an average price target of C$76.09.

Get Our Latest Research Report on Sun Life Financial

Sun Life Financial Stock Performance

TSE:SLF traded up C$0.77 during mid-day trading on Monday, reaching C$69.28. 1,028,215 shares of the company’s stock were exchanged, compared to its average volume of 1,827,033. The company has a debt-to-equity ratio of 78.47, a quick ratio of 84,866.00 and a current ratio of 6.81. The firm has a market capitalization of C$40.35 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. Sun Life Financial has a one year low of C$61.84 and a one year high of C$74.94. The business’s fifty day simple moving average is C$72.26 and its two-hundred day simple moving average is C$70.05.

Insider Transactions at Sun Life Financial

In related news, Senior Officer Daniel Fishbein sold 16,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$74.45, for a total value of C$1,191,120.00. 0.03% of the stock is owned by corporate insiders.

About Sun Life Financial

(Get Free Report)

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.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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