Royal Bank of Canada Reiterates C$82.00 Price Target for Sun Life Financial (TSE:SLF)

Royal Bank of Canada set a C$82.00 price objective on Sun Life Financial (TSE:SLF) (NYSE:SLF) in a research note published on Monday morning,BayStreet.CA reports. The firm currently has an outperform rating on the financial services provider’s stock.

SLF has been the topic of a number of other research reports. Scotiabank lowered their price objective on shares of Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. 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. CIBC reduced their target price on shares of Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. National Bankshares decreased their price objective on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. 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 equities research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$87.00.

Sun Life Financial Price Performance

TSE SLF opened at C$81.20 on Monday. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54. 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. The firm has a market capitalization of C$46.38 billion, a PE ratio of 12.25, a P/E/G ratio of 1.33 and a beta of 0.94. The company’s 50 day simple moving average is C$81.59 and its 200 day simple moving average is C$81.22.

Sun Life Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.36 annualized dividend and a yield of 4.14%. Sun Life Financial’s dividend payout ratio is 48.87%.

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.