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.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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.

Stock Target Prices

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