Sun Life Financial (TSE:SLF) Given a C$82.00 Price Target at Royal Bank of Canada

Sun Life Financial (TSE:SLF) (NYSE:SLF) has been assigned a C$82.00 target price by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 3.93% from the stock’s current price.

Several other equities analysts have also commented on the stock. Barclays upped their price target on shares of Sun Life Financial from C$85.00 to C$87.00 in a research report on Friday. CIBC cut their price objective on Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. National Bankshares decreased their price objective on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. National Bank Financial raised Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Scotiabank reduced their price target on Sun Life Financial from C$98.00 to C$94.00 in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.00.

Sun Life Financial Price Performance

Shares of SLF traded up C$0.36 during mid-day trading on Tuesday, reaching C$78.90. 204,174 shares of the company’s stock were exchanged, compared to its average volume of 2,286,363. The company has a 50-day simple moving average of C$79.98 and a two-hundred day simple moving average of C$81.86. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$88.54. The company has a market cap of C$45.07 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.33 and a beta of 0.94.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.