Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target upped by research analysts at Jefferies Financial Group from C$90.00 to C$94.00 in a note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential upside of 10.74% from the stock’s current price.

SLF has been the topic of a number of other research reports. Scotiabank boosted their target price on shares of Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday. Barclays raised their target price on shares of Sun Life Financial from C$76.00 to C$79.00 in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their price target on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Cormark upped their price target on Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Finally, TD Securities lifted their price objective on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Sun Life Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Trading Down 1.2 %

SLF opened at C$84.88 on Thursday. The stock has a market cap of C$48.93 billion, a PE ratio of 16.08, a PEG ratio of 1.33 and a beta of 0.94. The business has a 50 day moving average of C$78.34 and a 200-day moving average of C$72.22. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$86.39. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77.

Insider Buying and Selling at Sun Life Financial

In other news, Director Kevin Strain sold 85,943 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total value of C$7,280,231.53. Also, Senior Officer Linda Dougherty acquired 5,800 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average cost of C$84.83 per share, for a total transaction of C$492,014.00. Company insiders own 0.03% of the company’s stock.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.