Barclays Raises Sun Life Financial (TSE:SLF) Price Target to C$82.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target upped by analysts at Barclays from C$79.00 to C$82.00 in a report released on Thursday,BayStreet.CA reports. Barclays‘s price objective would suggest a potential downside of 3.39% from the stock’s previous close.

Several other analysts also recently weighed in on SLF. National Bankshares lifted their price target on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Jefferies Financial Group lifted their target price on Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday. Scotiabank raised their price target on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday. Cormark upped their price objective on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Finally, TD Securities raised their target price on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Sun Life Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Trading Down 1.2 %

SLF stock opened at C$84.88 on Thursday. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$86.39. The firm’s 50-day moving average is C$78.34 and its 200 day moving average is C$72.22. The company has a market capitalization of C$48.93 billion, a PE ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Senior Officer Linda Dougherty purchased 5,800 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price 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 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 currently owned by corporate insiders.

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.