Sun Life Financial (TSE:SLF) Price Target Increased to C$67.00 by Analysts at Royal Bank of Canada

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target upped by equities research analysts at Royal Bank of Canada from C$66.00 to C$67.00 in a note issued to investors on Friday, November 8th, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 14.77% from the company’s previous close.

Other analysts have also issued research reports about the stock. Evercore ISI reiterated an “outperform” rating and issued a C$63.00 price objective on shares of Sun Life Financial in a research note on Monday, July 22nd. TD Securities cut their price objective on shares of Sun Life Financial from C$61.00 to C$60.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. CIBC cut their price objective on shares of Sun Life Financial from C$54.00 to C$53.00 in a research note on Friday, August 2nd. National Bank Financial lowered shares of Sun Life Financial from an “outperform overweight” rating to a “sector perform overweight” rating and set a C$63.00 price objective on the stock. in a research note on Thursday, November 7th. Finally, Evercore dropped their price target on shares of Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$61.79.

TSE:SLF traded down C$0.39 during midday trading on Friday, reaching C$58.38. 839,158 shares of the stock traded hands, compared to its average volume of 1,446,887. Sun Life Financial has a 12-month low of C$43.13 and a 12-month high of C$61.91. The business has a 50-day moving average of C$59.94 and a two-hundred day moving average of C$56.16. The company has a debt-to-equity ratio of 19.02, a quick ratio of 1,311.69 and a current ratio of 1,409.38. The stock has a market capitalization of $34.50 billion and a PE ratio of 14.07.

In related news, Director Dean Connor sold 28,103 shares of Sun Life Financial stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of C$59.44, for a total value of C$1,670,442.32. Following the completion of the transaction, the director now owns 86,047 shares in the company, valued at C$5,114,633.68.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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