BMO Capital Markets Lowers Sun Life Financial (TSE:SLF) Price Target to C$79.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price cut by research analysts at BMO Capital Markets from C$80.00 to C$79.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 13.98% from the company’s previous close.

A number of other analysts have also issued reports on the company. Desjardins boosted their price target on Sun Life Financial from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Friday, February 9th. National Bankshares dropped their price target on Sun Life Financial from C$73.00 to C$72.00 in a research report on Friday, May 10th. Royal Bank of Canada lifted their price objective on Sun Life Financial from C$76.00 to C$77.00 and gave the company an “outperform” rating in a report on Friday, February 9th. TD Securities dropped their target price on shares of Sun Life Financial from C$75.00 to C$71.00 in a report on Friday, May 10th. Finally, Evercore reduced their price target on shares of Sun Life Financial from C$78.00 to C$76.00 and set an “outperform” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$76.09.

Sun Life Financial Price Performance

Sun Life Financial stock opened at C$69.31 on Monday. The company has a debt-to-equity ratio of 78.47, a current ratio of 6.81 and a quick ratio of 84,866.00. The stock has a market cap of C$40.37 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. The firm has a 50-day moving average of C$72.20 and a two-hundred day moving average of C$70.14. Sun Life Financial has a 1 year low of C$61.84 and a 1 year high of C$74.94.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 16,000 shares of Sun Life Financial stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$74.45, for a total value of C$1,191,120.00. 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.