Sun Life Financial (SLF) Price Target Raised to C$60.00 at Desjardins

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective hoisted by Desjardins from C$58.00 to C$60.00 in a research report report published on Friday.

Other equities analysts have also issued research reports about the stock. Eight Capital upped their price objective on shares of Sun Life Financial from C$55.00 to C$57.00 in a report on Thursday, May 10th. CIBC upped their price objective on shares of Sun Life Financial from C$58.00 to C$59.00 in a report on Thursday, May 10th. Finally, BMO Capital Markets upped their price objective on shares of Sun Life Financial from C$61.00 to C$62.00 in a report on Thursday, May 10th. Five equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of C$59.20.

Sun Life Financial traded up C$0.47, hitting C$52.83, during midday trading on Friday, Marketbeat reports. The stock had a trading volume of 993,300 shares, compared to its average volume of 1,084,376. Sun Life Financial has a 1-year low of C$45.77 and a 1-year high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Tuesday, May 8th. The financial services provider reported C$1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.12 by C$0.14. The business had revenue of C$5.99 billion for the quarter. Sun Life Financial had a net margin of 2.76% and a return on equity of 4.00%.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Wednesday, May 30th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Tuesday, May 29th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.46.

In other Sun Life Financial news, Director Stephanie Coyles bought 500 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were bought at an average price of C$53.47 per share, for a total transaction of C$26,735.00.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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