Sun Life Financial (TSE:SLF) Given a C$82.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a C$82.00 target price on Sun Life Financial (TSE:SLF - Free Report) NYSE: SLF in a research note issued to investors on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider's stock.

A number of other brokerages also recently weighed in on SLF. CIBC cut their target price on Sun Life Financial from C$95.00 to C$94.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Barclays boosted their target price on Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. National Bankshares dropped their price objective on Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, Scotiabank dropped their price objective on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$87.00.

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Sun Life Financial Stock Performance

Shares of TSE SLF traded down C$0.38 during midday trading on Monday, reaching C$80.76. The company's stock had a trading volume of 1,163,307 shares, compared to its average volume of 2,486,542. Sun Life Financial has a 12-month low of C$64.38 and a 12-month high of C$88.54. The firm has a 50 day moving average price of C$81.53 and a 200-day moving average price of C$81.28. The stock has a market capitalization of C$46.13 billion, a P/E ratio of 12.18, a PEG ratio of 1.33 and a beta of 0.94. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.84 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.36 dividend on an annualized basis and a yield of 4.16%. 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.