Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage currently has a C$60.00 target price on the financial services provider’s stock, up from their prior target price of C$54.00. TD Securities’ price target would suggest a potential upside of 11.11% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada increased their price objective on shares of Sun Life Financial from C$53.00 to C$56.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Barclays increased their price objective on shares of Sun Life Financial from C$53.00 to C$55.00 in a research note on Thursday, January 11th. CSFB increased their price objective on shares of Sun Life Financial from C$52.00 to C$54.00 in a research note on Wednesday, November 1st. Finally, National Bank Financial raised their price target on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$55.13.

Shares of Sun Life Financial (TSE:SLF) opened at C$54.00 on Monday. The company has a market cap of $33,120.00, a PE ratio of 12.47 and a beta of 0.56. Sun Life Financial has a one year low of C$43.51 and a one year high of C$54.63.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported C$1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.98 by C$0.07. Sun Life Financial had a net margin of 15.30% and a return on equity of 16.34%.

In related news, insider Colm Joseph Freyne sold 17,731 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$49.93, for a total value of C$885,308.83. Also, Director Dean Connor sold 50,042 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$50.37, for a total transaction of C$2,520,615.54.

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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.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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