Royal Bank Of Canada Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective hoisted by Royal Bank Of Canada from C$83.00 to C$95.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 1.23% from the company’s current price.

A number of other equities research analysts have also commented on SLF. Canadian Imperial Bank of Commerce increased their price target on Sun Life Financial from C$93.00 to C$95.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Scotiabank increased their target price on shares of Sun Life Financial from C$93.00 to C$96.00 and gave the company a “sector perform” rating in a report on Friday. UBS Group raised shares of Sun Life Financial to a “hold” rating in a research report on Thursday, October 16th. Jefferies Financial Group upped their price objective on shares of Sun Life Financial from C$97.00 to C$103.00 in a research report on Friday. Finally, Desjardins set a C$94.00 price objective on shares of Sun Life Financial and gave the company a “buy” rating in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$96.44.

Sun Life Financial Stock Up 0.2%

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

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data 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%. On average, 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.