Sun Life Financial (TSE:SLF) Price Target Raised to C$71.00

Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) had its target price hoisted by stock analysts at CIBC from C$65.00 to C$71.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 7.87% from the company’s current price.

Several other equities analysts also recently issued reports on SLF. Cormark increased their price objective on shares of Sun Life Financial from C$64.00 to C$72.00 in a report on Monday. Barclays decreased their price objective on shares of Sun Life Financial from C$67.00 to C$63.00 in a report on Wednesday, October 12th. TD Securities raised their price target on shares of Sun Life Financial from C$57.00 to C$59.00 and gave the stock a “hold” rating in a research note on Thursday, November 3rd. Evercore ISI decreased their price target on shares of Sun Life Financial to C$67.00 and set a “buy” rating on the stock in a research note on Monday, October 31st. Finally, Royal Bank of Canada decreased their price target on shares of Sun Life Financial from C$78.00 to C$75.00 and set a “sector perform” rating on the stock in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Sun Life Financial has an average rating of “Hold” and a consensus target price of C$69.00.

Sun Life Financial Price Performance

SLF traded up C$0.23 during midday trading on Wednesday, hitting C$65.82. 271,877 shares of the company traded hands, compared to its average volume of 1,269,732. The company has a current ratio of 91,248.00, a quick ratio of 84,866.00 and a debt-to-equity ratio of 35.22. The company has a market capitalization of C$38.60 billion and a price-to-earnings ratio of 12.12. Sun Life Financial has a 52-week low of C$52.97 and a 52-week high of C$74.22. The business has a 50 day simple moving average of C$63.27 and a two-hundred day simple moving average of C$59.93.

Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported C$1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.46 by C$0.16. The company had revenue of C$8.63 billion for the quarter. On average, equities analysts forecast that Sun Life Financial will post 6.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 11,781 shares of Sun Life Financial stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of C$61.16, for a total transaction of C$720,569.55. Following the completion of the sale, the insider now directly owns 2,943 shares in the company, valued at C$180,004.77.

About Sun Life Financial

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Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.