Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target raised by equities research analysts at Jefferies Financial Group from C$90.00 to C$94.00 in a report released on Thursday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 10.74% from the stock’s current price.

SLF has been the topic of a number of other reports. CIBC upped their price target on shares of Sun Life Financial from C$90.00 to C$96.00 in a research note on Wednesday. Royal Bank of Canada increased their target price on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Scotiabank lifted their price target on Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday. National Bankshares increased their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. Finally, Barclays raised their target price on Sun Life Financial from C$76.00 to C$79.00 in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$84.18.

Sun Life Financial Trading Down 1.2 %

Shares of Sun Life Financial stock opened at C$84.88 on Thursday. The stock has a market capitalization of C$48.93 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$86.39. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. The stock’s 50-day simple moving average is C$78.34 and its 200 day simple moving average is C$72.22.

Insiders Place Their Bets

In other Sun Life Financial news, Senior Officer Linda Dougherty sold 2,000 shares of Sun Life Financial stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total value of C$150,590.00. Also, Director Kevin Strain sold 85,943 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total value of C$7,280,231.53. Corporate insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.