Scotiabank Lowers Sun Life Financial (TSE:SLF) Price Target to C$90.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective dropped by research analysts at Scotiabank from C$94.00 to C$90.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Scotiabank’s price objective suggests a potential upside of 8.50% from the stock’s previous close.

SLF has been the subject of several other reports. Cormark raised shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Barclays lifted their price target on Sun Life Financial from C$85.00 to C$87.00 in a research report on Friday, April 11th. Royal Bank of Canada set a C$82.00 price objective on Sun Life Financial and gave the company an “outperform” rating in a research note on Tuesday, April 15th. Jefferies Financial Group cut their target price on Sun Life Financial from C$96.00 to C$90.00 in a research note on Monday, April 21st. Finally, CIBC decreased their price target on Sun Life Financial from C$94.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$85.70.

Sun Life Financial Stock Performance

TSE:SLF opened at C$82.95 on Thursday. The company has a market capitalization of C$47.38 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.33 and a beta of 0.94. The business has a fifty day simple moving average of C$79.87 and a two-hundred day simple moving average of C$82.00. 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.

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.