Sun Life Financial (SLF) Price Target Raised to C$55.00 at Barclays

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price increased by Barclays from C$53.00 to C$55.00 in a report published on Thursday morning.

Other analysts have also issued reports about the company. Royal Bank of Canada lifted their price target on Sun Life Financial from C$53.00 to C$56.00 and gave the company an outperform rating in a research note on Friday, November 10th. CSFB lifted their price target on Sun Life Financial from C$52.00 to C$54.00 in a research note on Wednesday, November 1st. TD Securities lifted their price target on Sun Life Financial from C$53.00 to C$54.00 and gave the company a hold rating in a research note on Thursday, November 9th. Finally, National Bank Financial lifted their price target on Sun Life Financial from C$53.00 to C$54.00 and gave the company an outperform rating in a research note on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Sun Life Financial presently has an average rating of Buy and a consensus price target of C$54.44.

Shares of Sun Life Financial (TSE:SLF) traded up C$0.32 during mid-day trading on Thursday, hitting C$52.32. The stock had a trading volume of 752,979 shares, compared to its average volume of 1,010,000. Sun Life Financial has a 12-month low of C$43.51 and a 12-month high of C$53.25. The firm has a market capitalization of $31,980.00, a price-to-earnings ratio of 12.08 and a beta of 0.56.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Wednesday, November 29th were given a dividend of $0.02 per share. The ex-dividend date was Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.15%. Sun Life Financial’s dividend payout ratio (DPR) is 39.49%.

In other news, Director Dean Connor sold 50,042 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of C$50.37, for a total transaction of C$2,520,615.54. Also, insider Colm Joseph Freyne sold 17,731 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$49.93, for a total value of C$885,308.83.

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Sun Life Financial Company Profile

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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