Sun Life Financial Inc. (SLF) PT Raised to C$50.00 at National Bank Financial
Sun Life Financial Inc. (TSE:SLF) had its target price increased by investment analysts at National Bank Financial from C$47.00 to C$50.00 in a research report issued on Thursday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential downside of 1.46% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. CIBC raised their target price on Sun Life Financial from C$46.00 to C$47.00 in a research note on Thursday, September 15th. BMO Capital Markets lowered their target price on Sun Life Financial from C$46.00 to C$45.00 in a research note on Friday, August 12th. Barclays PLC raised their target price on Sun Life Financial from C$44.00 to C$45.00 in a research note on Thursday, October 13th. Dundee Securities restated a “buy” rating and issued a C$48.00 target price on shares of Sun Life Financial in a research note on Wednesday, September 21st. Finally, Canaccord Genuity lowered their target price on Sun Life Financial from C$47.00 to C$46.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$49.55.
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 has a market cap of $31.16 billion and a PE ratio of 13.64. The firm has a 50-day moving average price of $44.17 and a 200 day moving average price of $43.04.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th will be issued a $0.42 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.31%.
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 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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