Sun Life Financial (TSE:SLF) Price Target Raised to C$98.00 at Jefferies Financial Group

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target increased by investment analysts at Jefferies Financial Group from C$96.00 to C$98.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential upside of 20.53% from the company’s current price.

SLF has been the topic of a number of other reports. Scotiabank cut their price objective on Sun Life Financial from C$88.00 to C$83.00 and set a “sector perform” rating on the stock in a research note on Monday, August 11th. TD Securities lowered their price target on shares of Sun Life Financial from C$101.00 to C$99.00 and set a “buy” rating for the company in a report on Thursday. Barclays upped their price objective on shares of Sun Life Financial from C$82.00 to C$84.00 and gave the company an “underweight” rating in a research note on Wednesday, October 8th. CIBC decreased their price objective on shares of Sun Life Financial from C$94.00 to C$93.00 in a research report on Friday. Finally, UBS Group upgraded shares of Sun Life Financial to a “hold” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$91.44.

Sun Life Financial Trading Down 1.0%

TSE:SLF traded down C$0.81 during trading hours on Monday, hitting C$81.31. 876,717 shares of the company were exchanged, compared to its average volume of 2,022,106. The stock has a market capitalization of C$45.32 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.33 and a beta of 0.83. Sun Life Financial has a one year low of C$74.56 and a one year high of C$91.11. The company has a fifty day simple moving average of C$83.84 and a 200 day simple moving average of C$84.79. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.

Insider Buying and Selling

In other Sun Life Financial news, insider Thomas Murphy bought 3,389 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was purchased at an average price of C$79.37 per share, for a total transaction of C$268,973.75. Following the completion of the transaction, the insider directly owned 3,389 shares of the company’s stock, valued at C$268,973.75. This trade represents a ∞ increase in their ownership of the stock. Insiders have bought 4,262 shares of company stock worth $338,105 over the last quarter. 0.03% of the stock is owned by corporate insiders.

About Sun Life Financial

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.