Sun Life Financial (TSE:SLF) PT Raised to C$77.00 at Royal Bank of Canada

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) had its price objective upped by analysts at Royal Bank of Canada from C$76.00 to C$77.00 in a report released on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 7.74% from the company’s previous close.

Other research analysts also recently issued reports about the stock. National Bankshares boosted their price objective on shares of Sun Life Financial from C$71.00 to C$72.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 23rd. CIBC upgraded shares of Sun Life Financial from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$73.00 to C$75.00 in a research report on Wednesday, January 31st. TD Securities upped their price target on shares of Sun Life Financial from C$62.00 to C$73.00 and gave the stock a “hold” rating in a report on Thursday. Scotiabank upped their price target on shares of Sun Life Financial from C$75.00 to C$76.00 in a report on Tuesday, February 6th. Finally, Desjardins set a C$73.00 price target on shares of Sun Life Financial and gave the stock a “buy” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy” and an average price target of C$75.91.

Read Our Latest Stock Report on Sun Life Financial

Sun Life Financial Trading Up 0.6 %

Shares of SLF stock opened at C$71.47 on Friday. The company has a current ratio of 56.90, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.83. The stock has a market cap of C$41.78 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95. The stock has a 50 day simple moving average of C$68.91 and a 200 day simple moving average of C$67.40. Sun Life Financial has a 1 year low of C$60.01 and a 1 year high of C$71.64.

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) last announced its quarterly earnings data on Monday, November 13th. The financial services provider reported C$1.59 EPS for the quarter, beating the consensus estimate of C$1.58 by C$0.01. Sun Life Financial had a net margin of 14.28% and a return on equity of 14.76%. The business had revenue of C$2.44 billion during the quarter. On average, research analysts predict that Sun Life Financial will post 6.7398453 earnings per share for the current fiscal year.

Insider Transactions at Sun Life Financial

In other news, Senior Officer Jacques Jr. Goulet sold 124,639 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of C$70.07, for a total transaction of C$8,732,956.17. In other news, Director Kevin Strain sold 15,986 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$69.69, for a total transaction of C$1,114,000.40. Also, Senior Officer Jacques Jr. Goulet sold 124,639 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of C$70.07, for a total transaction of C$8,732,956.17. Insiders own 0.02% of the company’s stock.

Sun Life Financial Company Profile

(Get Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.

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