Sun Life Financial (SLF) Price Target Raised to C$61.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target boosted by Royal Bank of Canada from C$56.00 to C$61.00 in a report released on Friday morning. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. CIBC increased their price objective on shares of Sun Life Financial from C$55.00 to C$58.00 in a research report on Monday, January 15th. Barclays increased their price objective on shares of Sun Life Financial from C$53.00 to C$55.00 in a research report on Thursday, January 11th. TD Securities raised shares of Sun Life Financial from a hold rating to a buy rating and increased their price objective for the stock from C$54.00 to C$60.00 in a research report on Monday, January 15th. CSFB increased their price objective on shares of Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday, November 1st. Finally, National Bank Financial increased their price objective on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock an outperform rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Sun Life Financial currently has an average rating of Buy and a consensus price target of C$58.67.

Sun Life Financial (TSE:SLF) opened at C$53.82 on Friday. The stock has a market cap of $32,860.00, a PE ratio of 15.42 and a beta of 0.49. Sun Life Financial has a 1 year low of C$43.51 and a 1 year high of C$55.20.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a $0.455 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.02. The ex-dividend date is Wednesday, February 28th. This represents a $1.82 annualized dividend and a yield of 3.38%. Sun Life Financial’s dividend payout ratio (DPR) is presently 49.00%.

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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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