CIBC Issues Pessimistic Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target reduced by research analysts at CIBC from C$97.00 to C$95.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 21.48% from the company’s current price.

SLF has been the subject of several other reports. National Bank Financial upgraded Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. National Bankshares lowered their target price on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research note on Thursday. Cormark increased their target price on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. Scotiabank cut their price target on Sun Life Financial from C$98.00 to C$94.00 in a report on Friday. Finally, Jefferies Financial Group raised their price target on Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$87.10.

Sun Life Financial Stock Down 0.3 %

Shares of SLF opened at C$78.20 on Friday. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00. Sun Life Financial has a 12-month low of C$64.38 and a 12-month high of C$88.54. The business’s 50 day moving average is C$84.34 and its 200 day moving average is C$79.58. The company has a market capitalization of C$44.67 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial Company Profile

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.