Sun Life Financial (TSE:SLF) PT Raised to C$67.00

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Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective boosted by stock analysts at Desjardins from C$62.00 to C$67.00 in a report issued on Friday, BayStreet.CA reports. Desjardins’ price target would indicate a potential upside of 9.50% from the company’s previous close. Desjardins also issued estimates for Sun Life Financial’s Q4 2019 earnings at $1.25 EPS and FY2021 earnings at $5.80 EPS.

A number of other brokerages have also commented on SLF. Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities cut their price objective on shares of Sun Life Financial from C$61.00 to C$60.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Evercore ISI cut their price objective on shares of Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday. National Bank Financial lowered shares of Sun Life Financial from an “outperform overweight” rating to a “sector perform overweight” rating and set a C$63.00 price objective on the stock. in a research report on Thursday. Finally, Evercore cut their price objective on shares of Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$61.71.

Shares of SLF stock opened at C$61.19 on Friday. The company’s fifty day simple moving average is C$58.76 and its 200-day simple moving average is C$55.41. The company has a quick ratio of 10,082.25, a current ratio of 10,847.75 and a debt-to-equity ratio of 18.75. The firm has a market cap of $34.98 billion and a PE ratio of 14.74. Sun Life Financial has a 12 month low of C$43.13 and a 12 month high of C$61.91.

In other Sun Life Financial news, Senior Officer Stephen Peacher sold 12,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$52.60, for a total transaction of C$631,200.00. Following the sale, the insider now directly owns 15,407 shares of the company’s stock, valued at C$810,408.20. Also, Director Dean Connor sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$52.30, for a total transaction of C$1,045,952.00. Following the sale, the director now directly owns 142,211 shares in the company, valued at C$7,437,293.99. Insiders have sold 66,309 shares of company stock worth $3,676,512 over the last ninety days.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

Read More: Consumer Price Index (CPI)

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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