Sun Life Financial Inc (TSE:SLF) Price Target Raised to C$53.00 at Scotiabank

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) had its price target hoisted by Scotiabank from C$52.00 to C$53.00 in a research note issued to investors on Friday morning. Scotiabank currently has a sector perform rating on the financial services provider’s stock.

Several other research firms have also recently weighed in on SLF. CSFB cut Sun Life Financial from an outperform rating to a neutral rating in a report on Wednesday, May 10th. BMO Capital Markets reissued a market perform rating and set a C$51.00 price target on shares of Sun Life Financial in a report on Thursday, May 11th. Barclays PLC lowered their price target on Sun Life Financial from C$54.00 to C$52.00 in a report on Thursday, May 11th. TD Securities lowered their price target on Sun Life Financial from C$53.00 to C$49.00 and set a hold rating on the stock in a report on Wednesday, May 10th. Finally, National Bank Financial increased their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the company an outperform rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$53.08.

Sun Life Financial (SLF) traded up 1.30% on Friday, hitting $48.35. The stock had a trading volume of 1,227,364 shares. Sun Life Financial has a 1-year low of $40.00 and a 1-year high of $53.75. The stock has a 50 day moving average price of $47.13 and a 200 day moving average price of $47.76. The company has a market cap of $29.67 billion and a P/E ratio of 11.95.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, August 30th will be paid a $0.435 dividend. The ex-dividend date is Monday, August 28th. This represents a $1.74 annualized dividend and a dividend yield of 3.60%.

About Sun Life Financial

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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