Sun Life Financial Inc. (SLF) Downgraded by TD Securities to “Hold”
Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, StockTargetPrices.com reports. They presently have a C$57.00 target price on the stock, up from their previous target price of C$50.00. TD Securities’ price target points to a potential upside of 10.72% from the company’s previous close.
Several other research analysts have also weighed in on the stock. Barclays PLC increased their price objective on shares of Sun Life Financial from C$51.00 to C$55.00 in a report on Thursday. Desjardins increased their price objective on shares of Sun Life Financial from C$52.00 to C$56.00 in a report on Wednesday, December 21st. Scotiabank increased their price objective on shares of Sun Life Financial from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a report on Monday, November 7th. Canaccord Genuity increased their price objective on shares of Sun Life Financial from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. Finally, Morgan Stanley increased their price objective on shares of Sun Life Financial from C$50.00 to C$54.00 in a report on Thursday, January 5th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Sun Life Financial has an average rating of “Buy” and an average target price of C$52.00.
Shares of Sun Life Financial (TSE:SLF) traded up 1.65% on Friday, reaching $52.33. 736,628 shares of the company were exchanged. Sun Life Financial has a 1-year low of $36.64 and a 1-year high of $53.75. The company has a 50-day moving average price of $52.03 and a 200 day moving average price of $45.23. The stock has a market capitalization of $32.07 billion and a PE ratio of 14.06.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Wednesday, November 30th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.26%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.41.
TRADEMARK VIOLATION WARNING: This news story was first published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States & international copyright laws. The correct version of this news story can be read at http://www.watchlistnews.com/sun-life-financial-inc-slf-downgraded-by-td-securities-to-hold/1060173.html.
Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.
Receive News & Ratings for Sun Life Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.