Jefferies Financial Group Forecasts Strong Price Appreciation for Sun Life Financial (TSE:SLF) Stock

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective lifted by Jefferies Financial Group from C$97.00 to C$103.00 in a report issued on Friday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 9.75% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Scotiabank increased their target price on Sun Life Financial from C$87.00 to C$93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. TD Securities decreased their price objective on shares of Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday. Royal Bank Of Canada set a C$84.00 target price on shares of Sun Life Financial and gave the stock a “sector perform” rating in a research note on Monday, January 19th. UBS Group raised shares of Sun Life Financial to a “hold” rating in a research note on Thursday, October 16th. Finally, National Bank Financial lowered their price objective on Sun Life Financial from C$94.00 to C$93.00 in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$96.44.

Sun Life Financial Price Performance

Shares of SLF stock traded up C$0.21 during mid-day trading on Friday, hitting C$93.85. 1,084,544 shares of the stock were exchanged, compared to its average volume of 1,749,109. Sun Life Financial has a 52-week low of C$74.56 and a 52-week high of C$94.76. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. The company has a market cap of C$51.98 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The firm has a fifty day moving average of C$86.03 and a 200 day moving average of C$84.03.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share for the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. Research analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current year.

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. Sun Life generates about a third of its profit from asset-management operations.