Sun Life Financial (TSE:SLF) Price Target Lowered to C$90.00 at Jefferies Financial Group

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective lowered by equities research analysts at Jefferies Financial Group from C$96.00 to C$90.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 15.79% from the company’s current price.

A number of other brokerages also recently weighed in on SLF. CIBC lowered their target price on shares of Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. National Bankshares lowered their price target on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Cormark raised Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Scotiabank dropped their price objective on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. Finally, Royal Bank of Canada set a C$82.00 target price on Sun Life Financial and gave the company an “outperform” rating in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sun Life Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$86.60.

Sun Life Financial Stock Performance

TSE:SLF traded down C$0.38 during mid-day trading on Monday, reaching C$77.73. 355,238 shares of the company’s stock were exchanged, compared to its average volume of 2,236,274. The firm has a market capitalization of C$44.40 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. The business’s fifty day simple moving average is C$79.52 and its two-hundred day simple moving average is C$81.87.

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.