Sun Life Financial (TSE:SLF) Given New C$94.00 Price Target at CIBC

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price lowered by analysts at CIBC from C$95.00 to C$94.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. CIBC’s price target would suggest a potential upside of 19.40% from the company’s previous close.

SLF has been the topic of a number of other research reports. Royal Bank of Canada raised their target price on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their price target on shares of Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. National Bankshares lowered their target price on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Cormark upgraded shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Finally, National Bank Financial upgraded shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Two research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$87.00.

Sun Life Financial Stock Performance

TSE SLF traded up C$0.13 on Tuesday, reaching C$78.73. The stock had a trading volume of 602,154 shares, compared to its average volume of 2,205,969. 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 market cap of C$44.97 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The firm has a fifty day moving average of C$83.42 and a two-hundred day moving average of C$80.09. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00.

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.