CIBC Boosts Sun Life Financial Inc. (SLF) Price Target to C$55.00
Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) had its price objective increased by CIBC from C$47.00 to C$55.00 in a research note published on Friday, StockTargetPrices.com reports.
A number of other research analysts also recently weighed in on the stock. BMO Capital Markets decreased their price objective on shares of Sun Life Financial from C$46.00 to C$45.00 in a research report on Friday, August 12th. Barclays PLC upped their price target on shares of Sun Life Financial from C$44.00 to C$45.00 in a research report on Thursday, October 13th. Scotiabank upped their price target on shares of Sun Life Financial from C$46.00 to C$50.00 and gave the stock an outperform rating in a research report on Monday, November 7th. Canaccord Genuity upped their price target on shares of Sun Life Financial from C$49.00 to C$50.00 and gave the stock a buy rating in a research report on Thursday, November 10th. Finally, TD Securities restated a buy rating and set a C$47.00 price target on shares of Sun Life Financial in a research report on Thursday, August 11th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Sun Life Financial has an average rating of Buy and a consensus price target of C$49.58.
Shares of Sun Life Financial (TSE:SLF) opened at 51.53 on Friday. The firm has a 50-day moving average of $44.71 and a 200 day moving average of $43.17. Sun Life Financial has a 52 week low of $36.64 and a 52 week high of $52.39. The company has a market cap of $31.58 billion and a P/E ratio of 13.85.
The company also recently declared 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 is a boost from Sun Life Financial’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a dividend yield of 3.26%.
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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