Barclays Forecasts Strong Price Appreciation for Sun Life Financial (TSE:SLF) Stock

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective lifted by Barclays from C$76.00 to C$79.00 in a report issued on Tuesday, BayStreet.CA reports. Barclays‘s target price points to a potential downside of 3.75% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. Cormark lifted their price objective on Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday. CIBC raised their target price on shares of 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 dropped their price target on shares of Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. National Bankshares increased their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 13th. Finally, Jefferies Financial Group lifted their target price on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$81.36.

Sun Life Financial Trading Up 2.7 %

Shares of Sun Life Financial stock opened at C$82.08 on Tuesday. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$82.27. The company’s fifty day simple moving average is C$77.10 and its 200-day simple moving average is C$71.66. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00. The stock has a market capitalization 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 (TSE:SLF) (NYSE:SLF) last announced its earnings results on Monday, August 12th. The financial services provider reported C$1.71 EPS for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.13. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. The company had revenue of C$8.92 billion for the quarter, compared to analysts’ expectations of C$9.18 billion. As a group, equities analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Insider Buying and Selling at Sun Life Financial

In related news, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction dated 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. In other Sun Life Financial news, Senior Officer Linda Dougherty sold 2,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total transaction of C$150,590.00. Also, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. 0.03% of the stock is currently owned by 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.