Sun Life Financial Inc. (SLF) PT Raised to C$53.00
Sun Life Financial Inc. (TSE:SLF) had its target price boosted by investment analysts at Royal Bank Of Canada from C$45.00 to C$53.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 1.84% from the stock’s previous close.
A number of other analysts have also weighed in on SLF. 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. CIBC lowered their target price on Sun Life Financial from C$47.00 to C$46.00 in a research note on Thursday, August 11th. Scotiabank lowered their target price on Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Thursday, August 11th. TD Securities restated a “buy” rating and issued a C$47.00 target price on shares of Sun Life Financial in a research note on Thursday, August 11th. Finally, BMO Capital Markets lowered their price objective on Sun Life Financial from C$46.00 to C$45.00 in a research report on Friday, August 12th. One equities research analyst has rated the stock with a hold rating and ten have given 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.
Sun Life Financial (TSE:SLF) opened at 52.04 on Friday. Sun Life Financial has a one year low of $36.64 and a one year high of $52.39. The stock has a 50 day moving average price of $44.44 and a 200-day moving average price of $43.11. The firm has a market cap of $31.89 billion and a P/E ratio of 13.99.
The business 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 dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.23%. 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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