Royal Bank of Canada Reiterates "C$82.00" Price Target for Sun Life Financial (TSE:SLF)

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

SLF has been the subject of several other research reports. National Bank Financial raised shares of Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Barclays upped their price target on Sun Life Financial from C$85.00 to C$87.00 in a research note on Friday, April 11th. National Bankshares decreased their target price on shares of Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Scotiabank reduced their price target on shares of 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial has an average rating of "Moderate Buy" and a consensus price target of C$87.00.

Sun Life Financial Trading Down 0.3 %

Shares of SLF traded down C$0.24 during midday trading on Tuesday, reaching C$78.11. The company had a trading volume of 1,274,135 shares, compared to its average volume of 2,261,888. The firm has a 50 day simple moving average of C$79.52 and a 200-day simple moving average of C$81.87. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. The stock has a market cap of C$44.62 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$88.54.

Sun Life Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a $0.84 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.36 dividend on an annualized basis and a yield of 4.30%. Sun Life Financial's dividend payout ratio (DPR) is presently 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.