Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Barclays Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target raised by Barclays from C$85.00 to C$87.00 in a research note issued to investors on Friday,BayStreet.CA reports.

SLF has been the subject of several other research reports. Scotiabank lowered their price target on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. CIBC decreased 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 report on Tuesday, February 25th. National Bank Financial upgraded shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Cormark upgraded shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Finally, National Bankshares cut their target price on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.00.

Sun Life Financial Trading Up 1.4 %

Shares of TSE:SLF opened at C$76.98 on Friday. The firm has a fifty day moving average of C$80.06 and a two-hundred day moving average of C$81.88. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. Sun Life Financial has a 12-month low of C$64.38 and a 12-month high of C$88.54. The firm has a market capitalization of C$43.97 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a $0.84 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.36%. Sun Life Financial’s payout ratio is presently 48.87%.

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.