Barclays Raises Sun Life Financial (TSE:SLF) Price Target to C$79.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price upped by analysts at Barclays from C$76.00 to C$79.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Barclays‘s price target indicates a potential downside of 3.75% from the company’s current price.

Several other analysts also recently issued reports on SLF. Royal Bank of Canada raised their price objective on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. CIBC raised their price target on Sun Life Financial from C$80.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Evercore cut their price objective on Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. TD Securities increased their target price on Sun Life Financial from C$77.00 to C$81.00 in a research note on Tuesday. Finally, Scotiabank boosted their target price on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$81.36.

Sun Life Financial Stock Up 2.7 %

Shares of SLF opened at C$82.08 on Tuesday. 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 business has a fifty day moving average of C$77.10 and a 200 day moving average of C$71.66. The company has a market cap of C$47.32 billion, a PE ratio of 15.55, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$82.27.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, beating the consensus estimate of C$1.58 by C$0.13. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. The business had revenue of C$8.92 billion for the quarter, compared to the consensus estimate of C$9.18 billion. On average, sell-side analysts expect that Sun Life Financial will post 6.9230769 EPS for the current year.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 15,999 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. In related news, Director Stephanie Coyles purchased 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of C$70.00 per share, for a total transaction of C$35,000.00. Following the acquisition, the director now owns 500 shares of the company’s stock, valued at C$35,000. Also, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. 0.03% of the stock is currently owned by corporate insiders.

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.