CIBC Has Lowered Expectations for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price lowered by analysts at CIBC from C$94.00 to C$89.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. CIBC’s price target points to a potential upside of 7.29% from the stock’s previous close.

Several other research firms also recently commented on SLF. Royal Bank of Canada set a C$82.00 price objective on shares of Sun Life Financial and gave the company an “outperform” rating in a report on Tuesday, April 15th. Barclays raised their price target on Sun Life Financial from C$85.00 to C$87.00 in a report on Friday, April 11th. National Bank Financial raised Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. National Bankshares lowered their target price on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Scotiabank reduced their price target on shares of Sun Life Financial from C$98.00 to C$94.00 in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$85.70.

Sun Life Financial Trading Up 1.3 %

Shares of SLF opened at C$82.95 on Thursday. The firm has a market cap of C$47.38 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54. The company has a 50 day simple moving average of C$79.87 and a two-hundred day simple moving average of C$82.00.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.