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

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target decreased by analysts at Scotiabank from C$98.00 to C$94.00 in a report issued on Friday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 20.20% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. National Bank Financial upgraded Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. TD Securities increased their price objective 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. Cormark increased their price objective on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. CIBC increased their price objective on Sun Life Financial from C$96.00 to C$97.00 in a report on Thursday, January 30th. Finally, Jefferies Financial Group upped their target price on Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$87.10.

Sun Life Financial Trading Down 0.3 %

SLF opened at C$78.20 on Friday. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54. The company has a market cap of C$44.67 billion, a P/E ratio of 11.80, a PEG ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. The business’s 50-day simple moving average is C$84.34 and its 200-day simple moving average is C$79.58.

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.