Sun Life Financial (SLF) PT Raised to C$60.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective raised by Canaccord Genuity from C$58.00 to C$60.00 in a research note issued to investors on Friday. Canaccord Genuity’s price target indicates a potential upside of 16.62% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets dropped their target price on Sun Life Financial from C$62.00 to C$60.00 in a report on Friday. Cormark set a C$60.00 target price on Sun Life Financial in a report on Friday. TD Securities dropped their target price on Sun Life Financial from C$63.00 to C$62.00 in a report on Thursday. Desjardins increased their target price on Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, June 29th. Finally, CIBC increased their target price on Sun Life Financial from C$58.00 to C$59.00 in a report on Thursday, May 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$59.33.

Shares of Sun Life Financial traded down C$0.65, reaching C$51.45, during mid-day trading on Friday, according to Marketbeat.com. The company had a trading volume of 663,653 shares, compared to its average volume of 1,056,240. Sun Life Financial has a twelve month low of C$46.19 and a twelve month high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Tuesday, May 8th. The financial services provider reported C$1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.12 by C$0.14. Sun Life Financial had a return on equity of 4.00% and a net margin of 2.76%. The business had revenue of C$5.99 billion during the quarter.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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