Sun Life Financial (TSE:SLF) Given a C$84.00 Price Target at Royal Bank Of Canada

Sun Life Financial (TSE:SLF) (NYSE:SLF) received a C$84.00 target price from analysts at Royal Bank Of Canada in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price would suggest a potential downside of 3.93% from the stock’s previous close.

SLF has been the topic of a number of other research reports. CIBC raised their target price on shares of Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. UBS Group upgraded Sun Life Financial to a “hold” rating in a research report on Thursday, October 16th. Jefferies Financial Group boosted their target price on Sun Life Financial from C$96.00 to C$98.00 in a research report on Monday, November 10th. BMO Capital Markets cut their price target on Sun Life Financial from C$99.00 to C$95.00 in a research note on Monday, November 10th. Finally, TD Securities upped their target price on shares of Sun Life Financial from C$99.00 to C$104.00 in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$92.11.

Sun Life Financial Stock Performance

SLF traded down C$0.03 during trading hours on Monday, hitting C$87.44. 111,275 shares of the stock were exchanged, compared to its average volume of 1,147,127. The stock has a market cap of C$48.42 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77. The stock has a 50-day simple moving average of C$84.05 and a 200-day simple moving average of C$83.74. 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. Sun Life Financial has a 12 month low of C$74.56 and a 12 month high of C$91.11.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Wednesday, November 5th. The financial services provider reported C$1.86 earnings per share for the quarter. Sun Life Financial had a net margin of 7.58% and a return on equity of 15.69%. The company had revenue of C$9.07 billion for the quarter. Analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current year.

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. Sun Life generates about a third of its profit from asset-management operations.