Sun Life Financial Inc. (TSE:SLF) Receives C$87.00 Consensus Price Target from Analysts

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF has been assigned a consensus rating of "Moderate Buy" from the ten research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$87.00.

SLF has been the subject of several research reports. National Bank Financial upgraded shares of Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Scotiabank reduced their price target on shares of Sun Life Financial from C$98.00 to C$94.00 in a research report on Friday, February 14th. Barclays increased their price target on shares of Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. National Bankshares reduced their price target on shares of Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, Jefferies Financial Group upped their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday, November 14th.

Sun Life Financial Stock Up 1.9 %

Shares of TSE SLF traded up C$1.47 during trading on Wednesday, hitting C$80.46. The stock had a trading volume of 3,756,758 shares, compared to its average volume of 2,299,781. The company has a market capitalization of C$45.96 billion, a PE ratio of 12.14, a PEG ratio of 1.33 and a beta of 0.94. The firm has a fifty day moving average of C$82.99 and a two-hundred day moving average of C$80.37. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54.

Remove Ads

Sun Life Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial's payout ratio is 48.87%.

About Sun Life Financial

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.