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

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective raised by equities researchers at Barclays from C$82.00 to C$87.00 in a research report issued on Monday,BayStreet.CA reports. Barclays‘s price objective points to a potential upside of 2.17% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Cormark upped their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. TD Securities upped their target price on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group upped their target price on Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Scotiabank raised their price target on shares of Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday, November 14th. Finally, Royal Bank of Canada increased their price target on Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$84.64.

Sun Life Financial Stock Performance

Sun Life Financial stock traded down C$0.39 during mid-day trading on Monday, reaching C$85.15. The company’s stock had a trading volume of 279,367 shares, compared to its average volume of 653,619. The firm has a market cap of C$49.09 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 1.33 and a beta of 0.94. The business has a 50 day moving average price of C$84.22 and a 200-day moving average price of C$76.31. Sun Life Financial has a twelve month low of C$64.38 and a twelve month high of C$88.54. 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.

Insider Transactions at Sun Life Financial

In other news, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. Also, Senior Officer Linda Dougherty acquired 5,800 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was bought at an average price of C$84.83 per share, for a total transaction of C$492,014.00. 0.03% of the stock is owned by insiders.

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.