Sun Life Financial Inc (SLF) Price Target Raised to C$54.00 at National Bank Financial
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) had its price target hoisted by National Bank Financial from C$53.00 to C$54.00 in a research note issued to investors on Thursday. The brokerage currently has an outperform rating on the financial services provider’s stock.
Several other analysts have also weighed in on the company. Barclays PLC raised their price objective on Sun Life Financial from C$52.00 to C$53.00 in a research note on Wednesday, July 12th. CSFB raised their price objective on Sun Life Financial from C$52.00 to C$54.00 in a research note on Wednesday, November 1st. Scotiabank raised their price objective on Sun Life Financial from C$52.00 to C$53.00 and gave the company a sector perform rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada raised their price objective on Sun Life Financial from C$51.00 to C$53.00 and gave the company an outperform rating in a research note on Friday, August 11th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$54.17.
Sun Life Financial (SLF) traded down C$0.36 during trading hours on Thursday, reaching C$49.29. The company had a trading volume of 1,173,954 shares, compared to its average volume of 1,254,974. Sun Life Financial has a fifty-two week low of C$43.51 and a fifty-two week high of C$53.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th will be given a $0.02 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 annualized dividend and a yield of 0.16%. Sun Life Financial’s dividend payout ratio is presently 38.89%.
In other Sun Life Financial news, insider Kevin Strain sold 34,298 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$49.15, for a total value of C$1,685,746.70.
About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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