Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Scotiabank Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price raised by Scotiabank from C$85.00 to C$96.00 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 11.91% from the company’s previous close.

SLF has been the topic of a number of other research reports. National Bankshares boosted their price target on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 13th. TD Securities increased 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. Royal Bank of Canada lifted their price target on Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. Jefferies Financial Group lifted their target price on Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Cormark raised their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has an average rating of “Moderate Buy” and an average target price of C$84.18.

Sun Life Financial Price Performance

Shares of TSE SLF traded up C$1.35 during trading on Thursday, hitting C$85.78. The company had a trading volume of 784,585 shares, compared to its average volume of 2,011,866. The company has a market cap of C$49.45 billion, a P/E ratio of 16.25, a PEG ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. The business’s 50-day moving average is C$78.09 and its 200 day moving average is C$72.11. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$86.39.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Monday, August 12th. The financial services provider reported C$1.71 EPS for the quarter, beating the consensus estimate of C$1.58 by C$0.13. The business had revenue of C$8.92 billion during the quarter, compared to the consensus estimate of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. Equities research analysts predict that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total value of C$1,142,323.80. In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$71.40, for a total value of C$1,142,323.80. Also, Senior Officer Linda Dougherty sold 2,000 shares of Sun Life Financial stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total value of C$150,590.00. 0.03% of the stock is currently owned by corporate insiders.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.