Sun Life Financial Inc. (SLF) PT Raised to C$52.00
Sun Life Financial Inc. (TSE:SLF) had its price target boosted by analysts at Desjardins from C$50.00 to C$52.00 in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 2.48% from the company’s current price.
A number of other research analysts have also recently commented on the company. Scotiabank upped their price target on Sun Life Financial from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research report on Monday, November 7th. Barclays PLC boosted their price objective on Sun Life Financial from C$44.00 to C$45.00 in a research note on Thursday, October 13th. Dundee Securities reiterated a “buy” rating and set a C$48.00 price objective on shares of Sun Life Financial in a research note on Wednesday, September 21st. CIBC boosted their price objective on Sun Life Financial from C$46.00 to C$47.00 in a research note on Thursday, September 15th. Finally, BMO Capital Markets decreased their price objective on Sun Life Financial from C$46.00 to C$45.00 in a research note on Friday, August 12th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Sun Life Financial currently has a consensus rating of “Buy” and an average price target of C$49.55.
Sun Life Financial (TSE:SLF) opened at 50.74 on Thursday. The firm has a market cap of $31.16 billion and a price-to-earnings ratio of 13.64. The firm’s 50 day moving average price is $44.17 and its 200 day moving average price is $43.04. Sun Life Financial has a 52-week low of $36.64 and a 52-week high of $51.44.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.42 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend 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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