Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target boosted by research analysts at Royal Bank Of Canada from C$83.00 to C$95.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 1.23% from the stock’s current price.

Other research analysts have also recently issued reports about the company. TD Securities dropped their price target on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group upped their target price on Sun Life Financial from C$97.00 to C$103.00 in a report on Friday. UBS Group upgraded Sun Life Financial to a “hold” rating in a research report on Thursday, October 16th. Barclays lowered their price objective on Sun Life Financial from C$84.00 to C$83.00 in a research note on Friday, January 9th. Finally, National Bank Financial dropped their price objective on shares of Sun Life Financial from C$94.00 to C$93.00 in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sun Life Financial has an average rating of “Hold” and a consensus target price of C$96.44.

Sun Life Financial Price Performance

TSE SLF traded up C$0.21 during trading on Friday, hitting C$93.85. 1,084,544 shares of the company’s stock were exchanged, compared to its average volume of 1,749,109. The company has a market cap of C$51.98 billion, a PE ratio of 17.77, a P/E/G ratio of 1.33 and a beta of 0.73. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00. Sun Life Financial has a fifty-two week low of C$74.56 and a fifty-two week high of C$94.76. The stock’s 50 day moving average price is C$86.03 and its two-hundred day moving average price is C$84.03.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share (EPS) for the quarter. Sun Life Financial had a net margin of 7.58% and a return on equity of 15.69%. Research analysts expect that Sun Life Financial will post 6.9230769 EPS for the current year.

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. Sun Life generates about a third of its profit from asset-management operations.