Brokerages Set Sun Life Financial Inc. (SLF) Price Target at $49.58
Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have been given a consensus recommendation of “Buy” by the twelve analysts that are currently covering the stock. Ten research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$49.58.
Several equities analysts have commented on SLF shares. Canaccord Genuity lowered their price objective on Sun Life Financial from C$47.00 to C$46.00 and set a “buy” rating for the company in a research report on Thursday, August 11th. CSFB reissued an “outperform” rating and set a C$50.00 price objective on shares of Sun Life Financial in a research report on Tuesday, November 15th. Scotiabank lowered their price objective on Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. Desjardins raised their price objective on Sun Life Financial from C$50.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. Finally, CIBC raised their price objective on Sun Life Financial from C$46.00 to C$47.00 in a research report on Thursday, September 15th.
Sun Life Financial (TSE:SLF) opened at 51.43 on Friday. Sun Life Financial has a 52-week low of $36.64 and a 52-week high of $53.75. The company’s 50-day moving average is $47.22 and its 200 day moving average is $43.82. The company has a market cap of $31.52 billion and a price-to-earnings ratio of 13.82.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.27%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.41.
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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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