Sun Life Financial (TSE:SLF) Price Target Raised to C$55.00 at Barclays

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective lifted by Barclays from C$53.00 to C$55.00 in a research note published on Thursday, January 11th.

Other research analysts have also recently issued reports about the company. CSFB boosted their price target on Sun Life Financial from C$52.00 to C$54.00 in a report on Wednesday, November 1st. National Bank Financial boosted their target price on Sun Life Financial from C$53.00 to C$54.00 and gave the company an outperform rating in a research report on Thursday, November 9th. TD Securities upped their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the company a hold rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada upped their price objective on Sun Life Financial from C$53.00 to C$56.00 and gave the company an outperform rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Sun Life Financial presently has a consensus rating of Buy and an average target price of C$56.13.

Sun Life Financial (TSE:SLF) traded down C$0.65 during midday trading on Thursday, reaching C$52.87. The company had a trading volume of 1,089,100 shares, compared to its average volume of 957,581. Sun Life Financial has a 52 week low of C$43.51 and a 52 week high of C$55.20. The company has a market cap of $32,280.00, a P/E ratio of 12.21 and a beta of 0.49.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported C$1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.98 by C$0.07. Sun Life Financial had a return on equity of 16.34% and a net margin of 15.30%.

In other news, insider Colm Joseph Freyne sold 17,731 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of C$49.93, for a total value of C$885,308.83. Also, Director Dean Connor sold 50,042 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$50.37, for a total value of C$2,520,615.54.

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About Sun Life Financial

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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