Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, TD Securities Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective lifted by research analysts at TD Securities from C$81.00 to C$87.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Securities’ price target would indicate a potential upside of 2.50% from the company’s current price.

SLF has been the subject of a number of other research reports. Royal Bank of Canada raised their price objective on Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. Scotiabank raised their price target on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays upped their price target on shares of Sun Life Financial from C$76.00 to C$79.00 in a report on Tuesday, November 5th. National Bankshares increased their price objective 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. Finally, CIBC boosted their target price on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the 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 Performance

TSE:SLF opened at C$84.88 on Thursday. The firm has a 50-day moving average of C$78.34 and a two-hundred day moving average of C$72.22. 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. The stock has a market cap of C$48.93 billion, a P/E ratio of 16.08, a PEG 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$86.39.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Senior Officer Linda Dougherty acquired 5,800 shares of the stock in a transaction dated Friday, November 15th. The shares were bought at an average price of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the stock in a transaction that occurred on 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. Company insiders own 0.03% of the company’s stock.

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.