Sun Life Financial Inc. (TSE:SLF) had its target price hoisted by research analysts at TD Securities from C$48.00 to C$50.00 in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential downside of 1.46% from the company’s previous close.

Several other analysts also recently weighed in on SLF. Dundee Securities reiterated a “buy” rating and issued a C$48.00 price objective on shares of Sun Life Financial in a research report on Wednesday, September 21st. CIBC lifted their price objective on shares of Sun Life Financial from C$46.00 to C$47.00 in a research report on Thursday, September 15th. Canaccord Genuity cut their price objective on shares of Sun Life Financial from C$47.00 to C$46.00 and set a “buy” rating on the stock in a research report on Thursday, August 11th. National Bank Financial lifted their price objective on shares of Sun Life Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Desjardins lifted their price objective on shares of Sun Life Financial from C$50.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Sun Life Financial presently has an average rating of “Buy” and an average target price of C$49.55.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

Shares of Sun Life Financial (TSE:SLF) opened at 50.74 on Thursday. Sun Life Financial has a one year low of $36.64 and a one year high of $51.44. The stock has a market cap of $31.16 billion and a P/E ratio of 13.64. The firm has a 50 day moving average of $44.17 and a 200 day moving average of $43.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.31%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.41.

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.

Receive News & Stock Ratings for Sun Life Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial Inc. and related stocks with our FREE daily email newsletter.