National Bankshares Has Lowered Expectations for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target dropped by stock analysts at National Bankshares from C$95.00 to C$93.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. National Bankshares’ price objective would indicate a potential upside of 18.93% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Scotiabank increased their price objective on shares of Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. Barclays increased their price target on Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. National Bank Financial raised Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada increased their price objective on Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. Finally, CIBC raised their target price on shares of Sun Life Financial from C$96.00 to C$97.00 in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$87.10.

Sun Life Financial Stock Performance

Shares of SLF opened at C$78.20 on Thursday. The stock has a market capitalization of C$44.67 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54. The firm has a fifty day simple moving average of C$84.53 and a 200 day simple moving average of C$79.51. 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.

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.