Evercore Boosts Sun Life Financial (TSE:SLF) Price Target to C$71.00
Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price boosted by Evercore from C$70.00 to C$71.00 in a report published on Thursday morning, BayStreet.CA reports.
SLF has been the topic of several other reports. TD Securities upped their target price on Sun Life Financial from C$61.00 to C$67.00 and gave the company a buy rating in a report on Friday, November 8th. Canaccord Genuity increased their target price on shares of Sun Life Financial from C$58.00 to C$60.50 in a research report on Friday, November 8th. Credit Suisse Group reissued an outperform rating and set a C$71.00 target price on shares of Sun Life Financial in a research report on Friday, February 7th. BMO Capital Markets increased their target price on shares of Sun Life Financial from C$60.00 to C$67.00 in a research report on Friday, November 8th. Finally, National Bank Financial increased their target price on shares of Sun Life Financial from C$65.00 to C$66.00 and gave the company a sector perform rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Sun Life Financial presently has a consensus rating of Buy and a consensus target price of C$66.46.
Shares of SLF stock traded up C$1.17 on Thursday, hitting C$66.44. The company had a trading volume of 1,213,503 shares, compared to its average volume of 1,008,433. Sun Life Financial has a twelve month low of C$47.03 and a twelve month high of C$66.44. 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 firm has a market cap of $38.37 billion and a P/E ratio of 16.01. The stock’s 50-day moving average is C$62.33 and its two-hundred day moving average is C$58.78.
In other Sun Life Financial news, Director Dean Connor sold 28,103 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$62.45, for a total value of C$1,755,032.35. Following the transaction, the director now directly owns 86,047 shares of the company’s stock, valued at C$5,373,635.15. Insiders have sold a total of 84,309 shares of company stock valued at $5,129,778 in the last three months.
About Sun Life Financial
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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