Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective cut by Barclays from C$58.00 to C$54.00 in a research report issued on Friday. Barclays’ target price would indicate a potential upside of 11.46% from the stock’s previous close.
A number of other brokerages have also issued reports on SLF. Evercore dropped their price objective on shares of Sun Life Financial from C$60.50 to C$60.00 in a report on Monday, October 15th. Canaccord Genuity increased their target price on shares of Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, August 10th. CIBC decreased their target price on shares of Sun Life Financial from C$59.00 to C$57.00 in a research report on Monday, October 29th. TD Securities decreased their target price on shares of Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday, August 9th. Finally, Desjardins decreased their target price on shares of Sun Life Financial from C$60.00 to C$58.00 in a research report on Tuesday, October 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$57.71.
SLF stock opened at C$48.45 on Friday. The company has a debt-to-equity ratio of 18.98, a current ratio of 481.58 and a quick ratio of 448.92. Sun Life Financial has a 12 month low of C$46.96 and a 12 month high of C$56.09.
In related news, insider Stephen Peacher sold 89,485 shares of Sun Life Financial stock in a transaction on Thursday, September 6th. The shares were sold at an average price of C$51.39, for a total value of C$4,598,634.15.
About Sun Life Financial
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.
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