Sun Life Financial (TSE:SLF) Given a C$82.00 Price Target at Royal Bank of Canada

Sun Life Financial (TSE:SLF) (NYSE:SLF) received a C$82.00 target price from analysts at Royal Bank of Canada in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 3.93% from the company’s previous close.

A number of other equities research analysts have also recently commented on SLF. Cormark raised shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research note on Thursday, February 13th. Scotiabank reduced their price target on shares of Sun Life Financial from C$98.00 to C$94.00 in a research report on Friday, February 14th. CIBC cut their price objective on Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. National Bank Financial upgraded Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, National Bankshares dropped their target price on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$87.00.

Sun Life Financial Stock Performance

TSE SLF traded up C$0.36 on Tuesday, reaching C$78.90. 204,174 shares of the company’s stock traded hands, compared to its average volume of 2,286,363. The stock has a 50 day moving average price of C$79.98 and a 200-day moving average price of C$81.86. The firm has a market cap of C$45.07 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a fifty-two week low of C$64.38 and a fifty-two week high of C$88.54. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.