Sun Life Financial (TSE:SLF) Given New C$90.00 Price Target at Jefferies Financial Group

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target decreased by equities research analysts at Jefferies Financial Group from C$96.00 to C$90.00 in a research note issued to investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential upside of 15.79% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Scotiabank reduced their target price on Sun Life Financial from C$98.00 to C$94.00 in a research report on Friday, February 14th. National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. CIBC decreased their price objective on shares of Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada set a C$82.00 target price on Sun Life Financial and gave the company an “outperform” rating in a research report on Tuesday, April 15th. Finally, Barclays boosted their price target on shares of Sun Life Financial from C$85.00 to C$87.00 in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$86.60.

Sun Life Financial Stock Performance

SLF traded down C$0.38 on Monday, hitting C$77.73. The company’s stock had a trading volume of 355,238 shares, compared to its average volume of 2,236,274. The company’s 50 day simple moving average is C$79.52 and its 200-day simple moving average is C$81.87. 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. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54. The firm has a market cap of C$44.40 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

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.