Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) had its price objective boosted by equities research analysts at Royal Bank Of Canada from C$98.00 to C$119.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 3.39% from the company’s current price.

Other analysts have also issued research reports about the stock. National Bank Financial raised their price target on shares of Sun Life Financial from C$108.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. TD increased their price objective on Sun Life Financial from C$121.00 to C$124.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group boosted their target price on Sun Life Financial from C$131.00 to C$141.00 in a research report on Monday. Barclays upped their price target on Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday. Finally, BMO Capital Markets lifted their price objective on Sun Life Financial from C$99.00 to C$105.00 in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$116.00.

View Our Latest Report on SLF

Sun Life Financial Price Performance

TSE SLF traded up C$0.85 on Monday, hitting C$115.10. 373,036 shares of the company were exchanged, compared to its average volume of 1,919,911. The firm has a 50 day moving average of C$110.98 and a two-hundred day moving average of C$98.37. The company has a market cap of C$63.74 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.33 and a beta of 0.80. The company has a current ratio of 6.03, a quick ratio of 84,866.00 and a debt-to-equity ratio of 32.51. Sun Life Financial has a 1-year low of C$78.06 and a 1-year high of C$118.99.

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) last posted its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share for the quarter. Sun Life Financial had a net margin of 9.12% and a return on equity of 12.89%. The firm had revenue of C$9.05 billion during the quarter. On average, equities analysts predict that Sun Life Financial will post 6.9230769 EPS for the current year.

Insider Transactions at Sun Life Financial

In other news, insider Helena Janina Pagano sold 17,283 shares of the stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$101.32, for a total value of C$1,751,113.56. Following the transaction, the insider owned 228 shares of the company’s stock, valued at C$23,100.96. This represents a 98.70% decrease in their position. Also, insider Manjit Singh sold 188,312 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of C$103.20, for a total value of C$19,433,798.40. Following the completion of the transaction, the insider owned 547 shares in the company, valued at C$56,450.40. This represents a 99.71% decrease in their ownership of the stock. In the last quarter, insiders sold 366,323 shares of company stock valued at $36,848,394. 0.03% of the stock is currently owned by company insiders.

About Sun Life Financial

(Get Free Report)

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. Sun Life generates about a third of its profit from asset-management operations.

Further Reading

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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