CIBC Cuts Sun Life Financial (TSE:SLF) Price Target to C$95.00

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its price objective cut by equities research analysts at CIBC from C$97.00 to C$95.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 20.54% from the stock's previous close.

SLF has been the subject of a number of other reports. Scotiabank lowered their target price on Sun Life Financial from C$98.00 to C$94.00 in a research report on Friday. Barclays upped their price target on shares of Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Jefferies Financial Group lifted their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. Royal Bank of Canada upped their target price on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Finally, National Bank Financial upgraded Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$87.10.

Sun Life Financial Price Performance

Shares of TSE:SLF traded up C$0.61 during mid-day trading on Friday, reaching C$78.81. The stock had a trading volume of 4,997,448 shares, compared to its average volume of 1,974,421. The company has a market cap of C$45.02 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The business's 50 day moving average price is C$84.15 and its 200 day moving average price is C$79.72. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada's Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.