Royal Bank of Canada Raises Sun Life Financial (TSE:SLF) Price Target to C$82.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price boosted by equities researchers at Royal Bank of Canada from C$78.00 to C$82.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential downside of 0.76% from the stock’s previous close.

A number of other equities analysts have also commented on SLF. Scotiabank boosted their price objective on Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays upped their price objective on Sun Life Financial from C$76.00 to C$79.00 in a report on Tuesday. National Bankshares lifted their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 13th. Jefferies Financial Group upped 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 report on Wednesday, October 16th. Finally, Cormark lifted their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$81.36.

Sun Life Financial Trading Up 0.7 %

Shares of SLF opened at C$82.63 on Wednesday. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. The stock has a market cap of C$47.64 billion, a PE ratio of 15.60, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$82.86. The stock has a 50 day simple moving average of C$77.10 and a 200-day simple moving average of C$71.66.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of C$9.18 billion. On average, sell-side analysts predict that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Daniel Fishbein sold 15,999 shares of the stock in a transaction dated 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. In other news, Senior Officer Linda Dougherty sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total value of C$150,590.00. Also, Senior Officer Daniel Fishbein sold 15,999 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total value of C$1,142,323.80. Corporate insiders own 0.03% of the company’s stock.

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.