Sun Life Financial (TSE:SLF) Price Target Raised to C$87.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective boosted by Barclays from C$85.00 to C$87.00 in a report published on Friday,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada set a C$82.00 price target on shares of Sun Life Financial and gave the stock an “outperform” rating in a research note on Monday, March 17th. National Bankshares dropped their target price on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Scotiabank reduced their price target on Sun Life Financial from C$98.00 to C$94.00 in a report on Friday, February 14th. National Bank Financial raised Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, CIBC cut their price objective on shares of Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy” and an average price target of C$87.00.

Sun Life Financial Stock Performance

Shares of SLF opened at C$76.98 on Friday. Sun Life Financial has a 52 week low of C$64.38 and a 52 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. The company has a market capitalization of C$43.97 billion, a PE ratio of 11.61, a PEG ratio of 1.33 and a beta of 0.94. The company’s 50 day moving average price is C$80.06 and its 200 day moving average price is C$81.88.

Sun Life Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.36 annualized dividend and a yield of 4.36%. Sun Life Financial’s dividend payout ratio (DPR) is presently 48.87%.

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.