Canaccord Genuity Increases Sun Life Financial Inc. (SLF) Price Target to C$50.00
Sun Life Financial Inc. (TSE:SLF) had its price target raised by equities researchers at Canaccord Genuity from C$49.00 to C$50.00 in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential downside of 1.46% from the stock’s current price.
Several other brokerages have also commented on SLF. Scotiabank dropped their price target on shares of Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Desjardins upped their price target on shares of Sun Life Financial from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Thursday. CIBC upped their price target on shares of Sun Life Financial from C$46.00 to C$47.00 in a research report on Thursday, September 15th. Barclays PLC upped their price target on shares of Sun Life Financial from C$44.00 to C$45.00 in a research report on Thursday, October 13th. Finally, Dundee Securities reaffirmed a “buy” rating and set a C$48.00 price target on shares of Sun Life Financial in a research report on Wednesday, September 21st. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Sun Life Financial presently has an average rating of “Buy” and an average price target of C$49.55.
Shares of Sun Life Financial (TSE:SLF) opened at 50.74 on Thursday. Sun Life Financial has a 52-week low of $36.64 and a 52-week high of $51.44. The stock’s 50 day moving average is $44.17 and its 200 day moving average is $43.04. The stock has a market capitalization of $31.16 billion and a PE ratio of 13.64.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.31%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.41.
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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