Scotiabank Increases Sun Life Financial (TSE:SLF) Price Target to C$96.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target lifted by analysts at Scotiabank from C$85.00 to C$96.00 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 13.10% from the company’s current price.

SLF has been the topic of several other research reports. TD Securities upped their target price on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a report on Thursday. Royal Bank of Canada upped their price objective on Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. Cormark raised their target price on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Barclays boosted their target price on shares of Sun Life Financial from C$76.00 to C$79.00 in a report on Tuesday, November 5th. Finally, Jefferies Financial Group increased their price target on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Sun Life Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$84.18.

Sun Life Financial Stock Down 1.2 %

Shares of SLF stock opened at C$84.88 on Thursday. The firm’s fifty day moving average price is C$78.34 and its two-hundred day moving average price is C$72.22. 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. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$86.39. The firm has a market capitalization of C$48.93 billion, a P/E ratio of 16.08, a PEG ratio of 1.33 and a beta of 0.94.

Insider Activity at Sun Life Financial

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

About Sun Life Financial

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.