Jefferies Financial Group Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by Jefferies Financial Group from C$97.00 to C$103.00 in a note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential upside of 9.75% from the company’s previous close.

SLF has been the topic of a number of other reports. Scotiabank boosted their price objective on shares of Sun Life Financial from C$87.00 to C$93.00 and gave the company a “sector perform” rating in a report on Thursday, February 5th. National Bank Financial dropped their price target on Sun Life Financial from C$94.00 to C$93.00 in a research note on Thursday, November 6th. Royal Bank Of Canada set a C$84.00 price objective on Sun Life Financial and gave the company a “sector perform” rating in a report on Monday, January 19th. TD Securities decreased their target price on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating for the company in a report on Thursday. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Hold” and an average price target of C$96.44.

Sun Life Financial Stock Up 0.2%

Shares of TSE:SLF traded up C$0.21 during trading on Friday, reaching C$93.85. The stock had a trading volume of 1,084,544 shares, compared to its average volume of 1,749,109. The firm’s 50-day simple moving average is C$86.03 and its 200 day simple moving average is C$84.03. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00. Sun Life Financial has a one year low of C$74.56 and a one year high of C$94.76. The company has a market capitalization of C$51.98 billion, a P/E ratio of 17.77, a PEG ratio of 1.33 and a beta of 0.73.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 EPS for the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. As a group, research analysts expect that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Sun Life Financial Company Profile

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. Sun Life generates about a third of its profit from asset-management operations.