Sun Life Financial Inc (TSE:SLF) Given New C$53.00 Price Target at Royal Bank Of Canada
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) had its price target boosted by research analysts at Royal Bank Of Canada from C$51.00 to C$53.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 11.04% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Barclays PLC raised their price objective on Sun Life Financial from C$52.00 to C$53.00 in a report on Wednesday, July 12th. TD Securities dropped their price objective on Sun Life Financial from C$53.00 to C$49.00 and set a “hold” rating on the stock in a report on Wednesday, May 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$51.00 price objective on shares of Sun Life Financial in a report on Thursday, May 11th. CSFB lowered Sun Life Financial from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 10th. Finally, National Bank Financial reaffirmed an “outperform” rating and set a C$52.00 price objective on shares of Sun Life Financial in a report on Wednesday, May 10th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$53.08.
Sun Life Financial (TSE SLF) traded up 1.03% during midday trading on Friday, hitting $48.22. The stock had a trading volume of 570,498 shares. Sun Life Financial has a 12-month low of $40.00 and a 12-month high of $53.75. The firm has a 50-day moving average of $47.03 and a 200-day moving average of $47.78. The company has a market cap of $29.76 billion and a PE ratio of 11.48.
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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