Sun Life Financial (SLF) Price Target Raised to C$56.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target lifted by Royal Bank Of Canada from C$53.00 to C$56.00 in a research report released on Friday, November 10th. The firm currently has an outperform rating on the financial services provider’s stock.

Several other research firms also recently weighed in on SLF. CSFB increased their price target on shares of Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday, November 1st. TD Securities increased their price objective on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock a hold rating in a research note on Thursday, November 9th. National Bank Financial raised their target price on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the company an outperform rating in a research note on Thursday, November 9th. Finally, Scotiabank raised their target price on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the company a sector perform rating in a research note on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Sun Life Financial has a consensus rating of Buy and a consensus price target of C$54.17.

Shares of Sun Life Financial (TSE SLF) traded up C$0.56 during trading on Friday, reaching C$50.89. 1,227,187 shares of the company were exchanged, compared to its average volume of 1,235,686. Sun Life Financial has a 12 month low of C$43.51 and a 12 month high of C$53.25.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 29th will be issued a dividend of $0.02 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.16%. Sun Life Financial’s payout ratio is 39.49%.

In other news, Director Dean Connor sold 50,042 shares of Sun Life Financial stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$50.37, for a total value of C$2,520,615.54. Also, insider Colm Joseph Freyne sold 17,731 shares of Sun Life Financial stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of C$49.93, for a total transaction of C$885,308.83.

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Sun Life Financial Company Profile

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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