Barclays PLC Raises Sun Life Financial Inc. (SLF) Price Target to C$45.00
Sun Life Financial Inc. (TSE:SLF) had its price target boosted by equities research analysts at Barclays PLC from C$44.00 to C$45.00 in a research report issued to clients and investors on Thursday. Barclays PLC’s price target points to a potential upside of 3.62% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. BMO Capital Markets decreased their price objective on Sun Life Financial from C$46.00 to C$45.00 in a report on Friday, August 12th. TD Securities restated a “buy” rating and issued a C$47.00 price objective on shares of Sun Life Financial in a report on Thursday, August 11th. Dundee Securities restated a “buy” rating and issued a C$48.00 price objective on shares of Sun Life Financial in a report on Wednesday, September 21st. CIBC decreased their price objective on Sun Life Financial from C$47.00 to C$46.00 in a report on Thursday, August 11th. Finally, Scotiabank decreased their price objective on Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating for the company in a report on Thursday, August 11th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$46.00.
Shares of Sun Life Financial (TSE:SLF) traded down 0.18% during mid-day trading on Thursday, hitting $43.35. The company’s stock had a trading volume of 659,244 shares. The stock has a market cap of $26.57 billion and a PE ratio of 13.09. The company has a 50-day moving average price of $41.92 and a 200-day moving average price of $42.58. Sun Life Financial has a 1-year low of $36.64 and a 1-year high of $46.12.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.73%.
Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.
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