Canaccord Genuity Cuts Sun Life Financial (SLF) Price Target to C$52.00

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Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective decreased by research analysts at Canaccord Genuity from C$53.00 to C$52.00 in a report released on Tuesday. Canaccord Genuity’s price target points to a potential upside of 9.04% from the company’s current price.

Several other research firms have also weighed in on SLF. Evercore ISI dropped their price objective on shares of Sun Life Financial from C$60.00 to C$59.00 in a research note on Thursday, November 8th. Evercore dropped their price objective on shares of Sun Life Financial from C$60.00 to C$59.00 in a research note on Thursday, November 8th. National Bank Financial dropped their price objective on shares of Sun Life Financial from C$59.00 to C$55.00 and set an “outperform” rating on the stock in a research note on Thursday, November 8th. Barclays dropped their price objective on shares of Sun Life Financial from C$58.00 to C$54.00 in a research note on Friday, November 9th. Finally, BMO Capital Markets dropped their price objective on shares of Sun Life Financial from C$60.00 to C$56.00 in a research note on Friday, November 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$56.54.

Shares of TSE:SLF opened at C$47.69 on Tuesday. The company has a debt-to-equity ratio of 19.21, a current ratio of 386.56 and a quick ratio of 361.33. The company has a market capitalization of $28.64 billion and a P/E ratio of 13.57. Sun Life Financial has a 52 week low of C$43.13 and a 52 week high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, November 7th. The financial services provider reported C$1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.17 by C$0.03. The firm had revenue of C$6 billion during the quarter. On average, research analysts expect that Sun Life Financial will post 5.01999978045417 earnings per share for the current year.

In related news, insider Daniel Fishbein acquired 2,943 shares of the company’s stock in a transaction on Monday, December 10th. The shares were purchased at an average price of C$33.89 per share, for a total transaction of C$99,738.27.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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