National Bankshares Increases Sun Life Financial (TSE:SLF) Price Target to C$69.00

Sun Life Financial (TSE:SLFGet Rating) (NYSE:SLF) had its price objective hoisted by stock analysts at National Bankshares from C$66.00 to C$69.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. National Bankshares’ target price would suggest a potential upside of 4.83% from the company’s current price.

Several other research firms have also recently issued reports on SLF. CIBC raised their price target on shares of Sun Life Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Friday, November 4th. Barclays decreased their price target on shares of Sun Life Financial from C$67.00 to C$63.00 in a research note on Wednesday, October 12th. TD Securities raised their price target on shares of Sun Life Financial from C$57.00 to C$59.00 and gave the stock a “hold” rating in a research note on Thursday, November 3rd. Evercore ISI decreased their price target on shares of Sun Life Financial to C$67.00 and set a “buy” rating on the stock in a research note on Monday, October 31st. Finally, Royal Bank of Canada decreased their price target on shares of Sun Life Financial from C$78.00 to C$75.00 and set a “sector perform” rating on the stock in a research note on Friday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Sun Life Financial presently has an average rating of “Hold” and a consensus price target of C$69.00.

Sun Life Financial Price Performance

TSE:SLF traded up C$0.23 during mid-day trading on Wednesday, hitting C$65.82. 271,877 shares of the company’s stock traded hands, compared to its average volume of 1,269,732. The company has a debt-to-equity ratio of 35.22, a quick ratio of 84,866.00 and a current ratio of 91,248.00. The firm’s 50 day simple moving average is C$63.27 and its 200 day simple moving average is C$59.93. Sun Life Financial has a 1 year low of C$52.97 and a 1 year high of C$74.22. The company has a market cap of C$38.60 billion and a PE ratio of 12.12.

Sun Life Financial (TSE:SLFGet Rating) (NYSE:SLF) last posted its earnings results on Wednesday, November 2nd. The financial services provider reported C$1.62 earnings per share for the quarter, beating the consensus estimate of C$1.46 by C$0.16. The business had revenue of C$8.63 billion for the quarter. Sell-side analysts expect that Sun Life Financial will post 6.33 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Daniel Fishbein sold 11,781 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of C$61.16, for a total value of C$720,569.55. Following the sale, the insider now directly owns 2,943 shares of the company’s stock, valued at C$180,004.77.

About Sun Life Financial

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Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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