CSFB Reiterates “Outperform” Rating for Sun Life Financial Inc. (SLF)
Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF)‘s stock had its “outperform” rating reissued by research analysts at CSFB in a research note issued to investors on Tuesday. They currently have a C$50.00 price target on the stock. CSFB’s price target would suggest a potential downside of 1.96% from the stock’s current price.
SLF has been the topic of a number of other reports. BMO Capital Markets reduced their price target 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 set a C$47.00 price target on shares of Sun Life Financial in a research report on Thursday, August 11th. Dundee Securities reiterated a “buy” rating and set a C$48.00 price target on shares of Sun Life Financial in a research report on Wednesday, September 21st. Canaccord Genuity increased their price target on shares of Sun Life Financial from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. Finally, Royal Bank Of Canada increased their price target on shares of Sun Life Financial from C$45.00 to C$53.00 and gave the company 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 issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$49.58.
Shares of Sun Life Financial (TSE:SLF) opened at 51.00 on Tuesday. The company has a market cap of $31.26 billion and a price-to-earnings ratio of 13.71. The firm’s 50-day moving average is $44.97 and its 200-day moving average is $43.23. Sun Life Financial has a 52 week low of $36.64 and a 52 week high of $52.39.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be paid 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 dividend on an annualized basis and a yield of 3.29%.
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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