Sun Life Financial (TSE:SLF) PT Lowered to C$73.00

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) had its price objective cut by equities research analysts at Scotiabank from C$76.00 to C$73.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Scotiabank’s target price indicates a potential upside of 5.32% from the company’s previous close.

A number of other analysts have also commented on SLF. BMO Capital Markets lifted their target price on shares of Sun Life Financial from C$70.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Desjardins increased their target price on Sun Life Financial from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Friday, February 9th. TD Securities lowered their price target on Sun Life Financial from C$75.00 to C$71.00 in a research note on Friday, May 10th. CIBC lifted their price objective on shares of Sun Life Financial from C$77.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Finally, National Bankshares decreased their price objective on shares of Sun Life Financial from C$73.00 to C$72.00 in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Sun Life Financial has an average rating of “Moderate Buy” and an average target price of C$76.09.

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Sun Life Financial Stock Up 0.1 %

Shares of TSE SLF opened at C$69.31 on Monday. The company has a current ratio of 6.81, a quick ratio of 84,866.00 and a debt-to-equity ratio of 78.47. The firm has a market capitalization of C$40.37 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. The firm’s 50-day moving average is C$72.20 and its 200-day moving average is 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 dated Monday, February 26th. The stock was 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 insiders.

About Sun Life Financial

(Get Free Report)

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.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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