Sun Life Financial (TSE:SLF) Stock Rating Upgraded by National Bankshares

Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by investment analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a C$95.00 price objective on the financial services provider’s stock, up from their previous price objective of C$82.00. National Bankshares’ target price points to a potential upside of 11.79% from the company’s current price.

Several other analysts also recently issued reports on SLF. Scotiabank upped their price target on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. CIBC upped their target price on Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday, November 13th. TD Securities increased their price target on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Barclays boosted their price objective on shares of Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group upped their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$86.64.

Sun Life Financial Trading Up 0.7 %

Shares of TSE:SLF opened at C$84.98 on Wednesday. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. The stock has a market capitalization of C$48.99 billion, a PE ratio of 16.09, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54. The firm has a fifty day moving average price of C$85.05 and a 200 day moving average price of C$77.15.

Insider Transactions at Sun Life Financial

In other news, Senior Officer Linda Dougherty acquired 5,800 shares of the stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of C$84.83 per share, for a total transaction of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction 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. Insiders own 0.03% of the company’s stock.

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.