Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Barclays Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by Barclays from C$82.00 to C$87.00 in a note issued to investors on Monday,BayStreet.CA reports. Barclays‘s price target points to a potential upside of 3.31% from the company’s previous close.

Several other equities analysts have also weighed in on SLF. CIBC raised their price objective on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday, November 13th. Jefferies Financial Group raised their target price on shares of Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday, November 14th. Scotiabank upped their price target on Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday, November 14th. Royal Bank of Canada raised their price objective on Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. Finally, Cormark boosted their target price on Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Three research 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 currently has an average rating of “Moderate Buy” and an average target price of C$84.64.

Sun Life Financial Trading Down 0.2 %

Shares of Sun Life Financial stock opened at C$84.21 on Monday. The business has a fifty day simple moving average of C$84.44 and a 200-day simple moving average of C$76.43. Sun Life Financial has a fifty-two week low of C$64.38 and a fifty-two week high of C$88.54. The firm has a market cap of C$48.55 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. 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.

Insider Activity

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

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.