Sun Life Financial (TSE:SLF) Price Target Cut to C$95.00 by Analysts at CIBC

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target reduced by CIBC from C$97.00 to C$95.00 in a research note released on Friday,BayStreet.CA reports.

SLF has been the topic of a number of other research reports. National Bankshares cut their price objective on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a report on Thursday. TD Securities lifted their price target on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Barclays upped their price objective on shares of Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Scotiabank cut their target price on Sun Life Financial from C$98.00 to C$94.00 in a research report on Friday. Finally, Cormark upped their target price on Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sun Life Financial has an average rating of “Moderate Buy” and a consensus price target of C$87.10.

Sun Life Financial Trading Down 0.3 %

SLF opened at C$78.20 on Friday. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54. The company has a market cap of C$44.67 billion, a P/E ratio of 11.80, a PEG ratio of 1.33 and a beta of 0.94. The business’s 50-day simple moving average is C$84.53 and its 200-day simple moving average is C$79.51.

Sun Life Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 4.30%. Sun Life Financial’s payout ratio is 48.87%.

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.