Sun Life Financial (SLF) PT Raised to C$55.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target raised by Barclays from C$53.00 to C$55.00 in a report published on Thursday, January 11th.

SLF has been the topic of a number of other reports. National Bank Financial boosted their target price on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock an outperform rating in a report on Thursday, November 9th. TD Securities boosted their target price on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock a hold rating in a report on Thursday, November 9th. CSFB boosted their target price on shares of Sun Life Financial from C$52.00 to C$54.00 in a report on Wednesday, November 1st. Finally, Royal Bank of Canada boosted their target price on shares of Sun Life Financial from C$53.00 to C$56.00 and gave the stock an outperform rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Sun Life Financial presently has an average rating of Buy and an average price target of C$55.13.

Shares of Sun Life Financial (SLF) opened at C$55.10 on Thursday. The stock has a market cap of $33,680.00, a price-to-earnings ratio of 12.73 and a beta of 0.56. Sun Life Financial has a fifty-two week low of C$43.51 and a fifty-two week high of C$55.20.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, November 8th. The financial services provider reported C$1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.98 by C$0.07. Sun Life Financial had a net margin of 15.30% and a return on equity of 16.34%.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, November 29th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.15%. Sun Life Financial’s dividend payout ratio is presently 39.49%.

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

ILLEGAL ACTIVITY WARNING: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://ledgergazette.com/2018/01/21/sun-life-financial-slf-price-target-raised-to-c55-00.html.

About Sun Life Financial

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)

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply