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

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective lowered by CIBC from C$95.00 to C$94.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. CIBC’s target price points to a potential upside of 20.10% from the company’s current price.

Several other research analysts have also recently weighed in on SLF. National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. National Bankshares cut their target price on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. Jefferies Financial Group lifted their target price on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. Finally, Cormark raised shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$87.00.

Sun Life Financial Price Performance

Shares of TSE SLF opened at C$78.27 on Tuesday. The firm has a market cap of C$44.71 billion, a PE ratio of 11.81, a PEG ratio of 1.33 and a beta of 0.94. 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. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$88.54. The company has a fifty day moving average price of C$83.18 and a 200 day moving average price of C$80.17.

Sun Life Financial Company Profile

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.