Sun Life Financial (TSE:SLF) Given New C$82.00 Price Target at Barclays

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price upped by analysts at Barclays from C$79.00 to C$82.00 in a report issued on Thursday,BayStreet.CA reports. Barclays‘s price objective suggests a potential downside of 3.39% from the stock’s previous close.

Several other analysts also recently commented on the stock. TD Securities upped their price objective on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a report on Thursday. Cormark increased their price target on Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Jefferies Financial Group boosted their price objective on Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday. National Bankshares raised their target price on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. Finally, CIBC boosted their price target on Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$84.18.

Sun Life Financial Trading Down 1.2 %

Sun Life Financial stock opened at C$84.88 on Thursday. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$86.39. The stock has a 50-day moving average price of C$78.34 and a 200 day moving average price of C$72.22. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The company has a market capitalization of C$48.93 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Director Kevin Strain sold 85,943 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. Also, Senior Officer Linda Dougherty bought 5,800 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of C$84.83 per share, for a total transaction of C$492,014.00. 0.03% of the stock is owned by corporate insiders.

Sun Life Financial Company Profile

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.