Sun Life Financial (SLF) PT Lowered to C$54.00

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.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its earnings results on Wednesday, August 8th. The financial services provider reported C$1.20 EPS for the quarter, topping analysts’ consensus estimates of C$1.15 by C$0.05. The company had revenue of C$6.83 billion during the quarter. As a group, equities analysts predict that Sun Life Financial will post 5.01311658165698 EPS for the current fiscal year.

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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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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