Sun Life Financial Inc (SLF) Price Target Raised to C$54.00 at TD Securities
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) had its price objective raised by TD Securities from C$53.00 to C$54.00 in a research note released on Thursday. TD Securities currently has a hold rating on the financial services provider’s stock.
A number of other analysts have also commented on SLF. National Bank Financial lifted their price target on Sun Life Financial from C$53.00 to C$54.00 and gave the stock an outperform rating in a report on Thursday. Royal Bank Of Canada lifted their price target on Sun Life Financial from C$51.00 to C$53.00 and gave the stock an outperform rating in a report on Friday, August 11th. Scotiabank lifted their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the stock a sector perform rating in a report on Friday, August 11th. CSFB lifted their price target on Sun Life Financial from C$52.00 to C$54.00 in a report on Wednesday, November 1st. Finally, Barclays PLC lifted their price target on Sun Life Financial from C$52.00 to C$53.00 in a report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$54.17.
Shares of Sun Life Financial (SLF) traded down C$0.36 during trading on Thursday, reaching C$49.29. The company had a trading volume of 1,173,954 shares, compared to its average volume of 1,254,974. Sun Life Financial has a 1-year low of C$43.51 and a 1-year high of C$53.75.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. Sun Life Financial’s payout ratio is presently 38.89%.
In other Sun Life Financial news, insider Kevin Strain sold 34,298 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of C$49.15, for a total value of C$1,685,746.70.
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 company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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