Sun Life Financial Inc (SLF) Given New C$53.00 Price Target at Scotiabank

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) had its target price lifted by equities researchers at Scotiabank from C$52.00 to C$53.00 in a research note issued on Friday. The firm presently has a “sector perform” rating on the financial services provider’s stock. Scotiabank’s price objective indicates a potential upside of 11.04% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Barclays PLC increased their price target on Sun Life Financial from C$52.00 to C$53.00 in a report on Wednesday, July 12th. TD Securities cut their price target on Sun Life Financial from C$53.00 to C$49.00 and set a “hold” rating on the stock in a report on Wednesday, May 10th. BMO Capital Markets restated a “market perform” rating and set a C$51.00 price target on shares of Sun Life Financial in a report on Thursday, May 11th. CSFB cut Sun Life Financial from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 10th. Finally, National Bank Financial increased their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Sun Life Financial presently has an average rating of “Buy” and a consensus price target of C$53.08.

Shares of Sun Life Financial (TSE SLF) traded up 1.03% on Friday, hitting $48.22. 570,498 shares of the stock traded hands. Sun Life Financial has a 1-year low of $40.00 and a 1-year high of $53.75. The stock has a 50 day moving average of $47.03 and a 200-day moving average of $47.78. The stock has a market cap of $29.76 billion and a PE ratio of 11.48.

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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 company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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