National Bankshares Issues Pessimistic Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its price target cut by research analysts at National Bankshares from C$95.00 to C$93.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the financial services provider's stock. National Bankshares' target price would indicate a potential upside of 18.93% from the company's previous close.

Several other research firms also recently commented on SLF. Royal Bank of Canada raised their target price on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Barclays boosted 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. CIBC boosted their target price on Sun Life Financial from C$96.00 to C$97.00 in a report on Thursday, January 30th. Cormark lifted their price objective on Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Finally, National Bank Financial raised Sun Life Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sun Life Financial presently has an average rating of "Moderate Buy" and a consensus target price of C$87.10.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock traded down C$0.25 during trading on Thursday, hitting C$78.20. 3,741,310 shares of the company's stock traded hands, compared to its average volume of 1,879,952. The company has a market cap of C$44.67 billion, a PE ratio of 11.80, a PEG ratio of 1.33 and a beta of 0.94. The firm's fifty day moving average price is C$84.34 and its 200 day moving average price is C$79.73. Sun Life Financial has a twelve month low of C$64.38 and a twelve month high of C$88.54. 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.

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.