Sun Life Financial (TSE:SLF) Price Target Cut to C$93.00 by Analysts at National Bankshares

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective lowered by equities research analysts at National Bankshares from C$95.00 to C$93.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. National Bankshares’ price objective would suggest a potential upside of 19.28% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Jefferies Financial Group raised 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. Scotiabank upped their price objective on shares of Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday, November 14th. CIBC lifted their target price on shares of Sun Life Financial from C$96.00 to C$97.00 in a research report on Thursday, January 30th. Finally, Royal Bank of Canada upped their target price on Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$87.50.

Sun Life Financial Price Performance

TSE:SLF traded down C$6.66 during trading hours on Thursday, hitting C$77.97. The company’s stock had a trading volume of 3,578,990 shares, compared to its average volume of 1,716,092. Sun Life Financial has a twelve month low of C$64.38 and a twelve 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 stock has a fifty day simple moving average of C$84.72 and a 200-day simple moving average of C$79.44. The company has a market capitalization of C$44.54 billion, a P/E ratio of 11.76, a PEG ratio of 1.33 and a beta of 0.94.

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, Senior Officer Linda Dougherty bought 5,800 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of C$84.83 per share, for a total transaction of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. Company insiders own 0.03% of the company’s stock.

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.