Analysts Set Sun Life Financial Inc. (TSE:SLF) Target Price at C$71.27

Shares of Sun Life Financial Inc. (TSE:SLFGet Rating) (NYSE:SLF) have earned a consensus rating of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$68.83.

A number of equities analysts have commented on SLF shares. Zacks Investment Research reaffirmed a “hold” rating on shares of Sun Life Financial in a research note on Thursday, March 17th. National Bank Financial cut their price objective on Sun Life Financial to C$77.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 10th. TD Securities cut their price objective on Sun Life Financial from C$76.00 to C$72.00 and set a “hold” rating on the stock in a research report on Thursday, May 12th. Veritas Investment Research reiterated a “reduce” rating on shares of Sun Life Financial in a research report on Wednesday, April 20th. Finally, Canaccord Genuity Group cut their price objective on Sun Life Financial from C$75.50 to C$67.00 in a research report on Friday.

Sun Life Financial stock traded up C$1.72 during trading hours on Thursday, reaching C$62.65. The company had a trading volume of 3,050,534 shares, compared to its average volume of 2,053,438. The company has a debt-to-equity ratio of 53.27, a current ratio of 11.91 and a quick ratio of 11.27. The company has a 50-day moving average price of C$67.39 and a 200 day moving average price of C$69.01. The firm has a market cap of C$36.72 billion and a price-to-earnings ratio of 9.11. Sun Life Financial has a 12-month low of C$60.19 and a 12-month high of C$74.22.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $0.69 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $2.76 dividend on an annualized basis and a yield of 4.41%. Sun Life Financial’s payout ratio is presently 36.20%.

About Sun Life Financial (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.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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