Sun Life Financial (TSE:SLF) Price Target Raised to C$81.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price upped by Jefferies Financial Group from C$78.00 to C$81.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective points to a potential upside of 16.01% from the company’s current price.

A number of other analysts have also issued reports on the stock. National Bankshares boosted their target price on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Tuesday. Evercore decreased their price objective on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. CIBC lifted their price objective on Sun Life Financial from C$77.00 to C$80.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. TD Securities decreased their price objective on Sun Life Financial from C$73.00 to C$72.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada decreased their price objective on Sun Life Financial from C$77.00 to C$76.00 and set an “outperform” rating for the company in a report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$76.10.

Sun Life Financial Trading Up 0.9 %

Shares of SLF traded up C$0.59 during trading hours on Wednesday, reaching C$69.82. 342,487 shares of the company traded hands, compared to its average volume of 2,028,174. The firm has a market cap of C$40.57 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.25 and a beta of 0.96. Sun Life Financial has a 12-month low of C$61.84 and a 12-month high of C$74.94. The company has a current ratio of 56.69, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.46. The stock’s fifty day moving average price is C$67.30 and its 200 day moving average price is C$70.01.

Insider Transactions at Sun Life Financial

In other Sun Life Financial news, Director Kevin Strain purchased 12,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of C$67.48 per share, for a total transaction of C$809,760.00. Insiders own 0.03% of the company’s stock.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.