Sun Life Financial Inc. (SLF) Price Target Raised to C$51.00
Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) had its target price raised by Barclays PLC from C$45.00 to C$51.00 in a report published on Friday, StockTargetPrices.com reports. Barclays PLC currently has an overweight rating on the stock.
SLF has been the subject of a number of other research reports. 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. TD Securities reiterated a buy rating and issued a C$47.00 price objective on shares of Sun Life Financial in a research report on Thursday, August 11th. 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. Canaccord Genuity upped their price objective 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, Royal Bank Of Canada upped their price objective on shares of Sun Life Financial from C$45.00 to C$53.00 and gave the stock an outperform rating in a research report on Friday, November 11th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Sun Life Financial presently has an average rating of Buy and a consensus target price of C$49.58.
Sun Life Financial (TSE:SLF) opened at 51.53 on Friday. Sun Life Financial has a one year low of $36.64 and a one year high of $52.39. The company has a 50 day moving average of $44.71 and a 200-day moving average of $43.17. The company has a market cap of $31.58 billion and a P/E ratio of 13.85.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be issued a $0.42 dividend. This is a positive change 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%.
Sun Life Financial Company Profile
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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