Scotiabank Lowers Sun Life Financial (TSE:SLF) Price Target to C$94.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective dropped by stock analysts at Scotiabank from C$98.00 to C$94.00 in a research note issued on Friday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 20.24% from the stock’s previous close.

Other research analysts have also issued reports about the company. National Bankshares cut their price objective on 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. TD Securities lifted their target price on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group lifted their target price on Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Cormark lifted their target price on Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Finally, Barclays lifted their target price on Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.10.

Sun Life Financial Trading Down 0.3 %

Shares of SLF traded down C$0.27 during trading hours on Friday, hitting C$78.18. The stock had a trading volume of 997,911 shares, compared to its average volume of 1,792,957. 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 firm has a market cap of C$44.66 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.33 and a beta of 0.94. The company’s fifty day simple moving average is C$84.53 and its 200 day simple moving average is C$79.51. Sun Life Financial has a 12-month low of C$64.38 and a 12-month high of C$88.54.

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.