Sun Life Financial (SLF) PT Raised to C$55.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective increased by investment analysts at Barclays from C$53.00 to C$55.00 in a research report issued to clients and investors on Thursday. Barclays’ price target indicates a potential upside of 5.12% from the stock’s previous close.

Several other research firms have also commented on SLF. CSFB increased their price objective on shares of Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday, November 1st. TD Securities increased their price objective on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a research report on Thursday, November 9th. National Bank Financial increased their price objective on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada increased their price objective on shares of Sun Life Financial from C$53.00 to C$56.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$54.44.

Sun Life Financial (TSE SLF) opened at C$52.32 on Thursday. Sun Life Financial has a 12-month low of C$43.51 and a 12-month high of C$53.25. The company has a market cap of $31,980.00, a price-to-earnings ratio of 12.08 and a beta of 0.56.

In other news, Director Dean Connor sold 50,042 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of C$50.37, for a total value of C$2,520,615.54. Also, insider Colm Joseph Freyne sold 17,731 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$49.93, for a total transaction of C$885,308.83.

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Sun Life Financial Company Profile

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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