Barclays Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by equities researchers at Barclays from C$82.00 to C$87.00 in a research note issued to investors on Monday,BayStreet.CA reports. Barclays‘s price objective would indicate a potential upside of 3.31% from the stock’s previous close.

A number of other analysts also recently weighed in on SLF. CIBC increased their price target on shares of Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday, November 13th. Jefferies Financial Group increased their target price on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. TD Securities boosted their price target 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, November 14th. Cormark upped their price target on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. Finally, Scotiabank lifted their price objective on Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$84.64.

Sun Life Financial Stock Down 0.2 %

Shares of SLF stock opened at C$84.21 on Monday. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54. 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. The firm has a market cap of C$48.55 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The stock has a 50 day moving average of C$84.44 and a 200-day moving average of C$76.43.

Insider Transactions at Sun Life Financial

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

About Sun Life Financial

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.