Sun Life Financial (TSE:SLF) Given New C$79.00 Price Target at Barclays

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its price objective boosted by stock analysts at Barclays from C$76.00 to C$79.00 in a report issued on Tuesday, BayStreet.CA reports. Barclays's target price indicates a potential downside of 1.18% from the stock's previous close.

A number of other analysts have also commented on SLF. Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 14th. Evercore lowered their target price on Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. Cormark increased their price target on Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday. Jefferies Financial Group upped their price objective on Sun Life Financial from C$81.00 to C$89.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Scotiabank increased their price objective on Sun Life Financial from C$73.00 to C$85.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$81.00.

Sun Life Financial Stock Up 3.2 %

Shares of TSE:SLF traded up C$2.49 during trading on Tuesday, hitting C$79.94. 3,295,694 shares of the company's stock traded hands, compared to its average volume of 2,035,891. The company has a 50-day moving average price of C$76.93 and a 200-day moving average price of C$71.57. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$80.82. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. The company has a market cap of C$46.08 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last posted its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, topping the consensus estimate of C$1.58 by C$0.13. The company had revenue of C$8.92 billion during the quarter, compared to analysts' expectations of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. As a group, research analysts forecast that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Stephanie Coyles bought 500 shares of the stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of C$70.00 per share, for a total transaction of C$35,000.00. Following the completion of the purchase, the director now owns 500 shares in the company, valued at approximately C$35,000. In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. Also, Director Stephanie Coyles purchased 500 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the purchase, the director now owns 500 shares of the company's stock, valued at C$35,000. 0.03% of the stock is currently owned by insiders.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.