National Bankshares Issues Pessimistic Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target reduced by National Bankshares from C$95.00 to C$93.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. National Bankshares’ price objective would suggest a potential upside of 19.28% from the company’s current price.

Several other analysts also recently commented on SLF. Royal Bank of Canada increased their target price on Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. National Bank Financial upgraded Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. TD Securities upped their target price on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Barclays raised their price target on shares of Sun Life Financial from C$82.00 to C$87.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group boosted their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$87.50.

Sun Life Financial Stock Down 7.9 %

Shares of TSE SLF traded down C$6.66 on Thursday, reaching C$77.97. 3,578,990 shares of the company’s stock traded hands, compared to its average volume of 1,716,092. The business’s 50 day simple moving average is C$84.72 and its two-hundred day simple moving average is C$79.44. The company has a market cap of C$44.54 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00.

Insider Transactions at Sun Life Financial

In other news, Senior Officer Linda Dougherty bought 5,800 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$84.71, for a total value of C$7,280,231.53. Corporate 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.