Royal Bank of Canada Analysts Give Sun Life Financial (TSE:SLF) a C$82.00 Price Target

Royal Bank of Canada set a C$82.00 target price on Sun Life Financial (TSE:SLF) (NYSE:SLF) in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider’s stock.

SLF has been the subject of a number of other research reports. Cormark raised shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research report on Thursday, February 13th. National Bankshares reduced their price target on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. CIBC dropped their price objective on Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Barclays raised their price objective on Sun Life Financial from C$85.00 to C$87.00 in a research report on Friday, April 11th. Finally, Scotiabank decreased their target price on Sun Life Financial from C$98.00 to C$94.00 in a report on Friday, February 14th. Two equities research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$87.00.

Sun Life Financial Trading Down 0.3 %

TSE SLF opened at C$78.11 on Tuesday. The company has a market cap of C$44.62 billion, a PE ratio of 11.78, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54. The stock has a 50 day moving average of C$79.62 and a 200-day moving average of C$81.87. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.

Sun Life Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.84 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.36 annualized dividend and a dividend yield of 4.30%. Sun Life Financial’s dividend payout ratio (DPR) is presently 48.87%.

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.