Sun Life Financial (TSE:SLF) Price Target Raised to C$87.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target increased by Barclays from C$85.00 to C$87.00 in a research note issued to investors on Friday,BayStreet.CA reports. Barclays‘s price target suggests a potential upside of 12.67% from the company’s previous close.

Several other analysts have also recently weighed in on SLF. National Bankshares decreased their price objective on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. CIBC decreased their price target on Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Cormark upgraded Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research report on Thursday, February 13th. Scotiabank decreased their target price on Sun Life Financial from C$98.00 to C$94.00 in a report on Friday, February 14th. Finally, Royal Bank of Canada set a C$82.00 price target on shares of Sun Life Financial and gave the stock an “outperform” rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sun Life Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$87.00.

Sun Life Financial Price Performance

Sun Life Financial stock traded up C$1.28 during mid-day trading on Friday, hitting C$77.22. 558,627 shares of the company were exchanged, compared to its average volume of 2,320,197. The company has a market capitalization of C$44.11 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The business has a fifty day moving average of C$80.18 and a 200 day moving average of C$81.88. 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 quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00.

About Sun Life Financial

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.