Sun Life Financial (TSE:SLF) Now Covered by Analysts at Barclays

Stock analysts at Barclays began coverage on shares of Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a C$71.00 price target on the financial services provider’s stock. Barclays‘s target price indicates a potential upside of 12.38% from the company’s current price.

Several other brokerages have also recently issued reports on SLF. CIBC dropped their price target on Sun Life Financial from C$71.00 to C$68.00 and set an “outperform” rating on the stock in a research report on Friday, May 13th. National Bankshares dropped their target price on Sun Life Financial from C$72.00 to C$68.00 and set a “sector perform” rating on the stock in a research report on Wednesday, June 1st. TD Securities dropped their target price on Sun Life Financial from C$72.00 to C$68.00 and set a “hold” rating on the stock in a research report on Wednesday, June 1st. Zacks Investment Research reiterated a “hold” rating on shares of Sun Life Financial in a research report on Thursday, March 17th. Finally, Canaccord Genuity Group dropped their target price on Sun Life Financial from C$75.50 to C$67.00 in a research report on Friday, May 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$68.79.

Shares of Sun Life Financial stock traded up C$0.66 on Thursday, hitting C$63.18. The stock had a trading volume of 413,939 shares, compared to its average volume of 2,404,195. Sun Life Financial has a 52-week low of C$60.19 and a 52-week high of C$74.22. The company has a current ratio of 15,951.83, a quick ratio of 15,084.33 and a debt-to-equity ratio of 23.97. The stock has a market cap of C$37.03 billion and a price-to-earnings ratio of 9.65. The company’s 50 day moving average price is C$65.05 and its 200 day moving average price is C$68.05.

Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, May 11th. The financial services provider reported C$1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.40 by C$0.04. The company had revenue of C$380.00 million during the quarter. Analysts predict that Sun Life Financial will post 6.7900001 EPS for the current fiscal year.

Sun Life Financial Company Profile (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

Recommended Stories

• The Institutions Are Rotating Into Olli’s Bargain Outlet 
• Microcap Oil-Dri Corporation Is A Buy For Income Investors
• Inflation, An Economic Winter Is Approaching 
• Would Netflix acquiring Roku be a positive for the stock?
• Now’s The Time To Buy MongoDB (NASDAQ: MDB) 

Want More Great Investing Ideas?