TD Securities Increases Sun Life Financial Inc. (SLF) Price Target to C$50.00
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.
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.
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