Other research analysts have also issued research reports about the company. Royal Bank of Canada raised their target price on Sun Life Financial from C$56.00 to C$61.00 and gave the company an outperform rating in a report on Friday, February 16th. National Bank Financial raised their target price on Sun Life Financial from C$53.00 to C$54.00 and gave the company an outperform rating in a report on Thursday, November 9th. CIBC raised their target price on Sun Life Financial from C$55.00 to C$58.00 in a report on Monday, January 15th. TD Securities raised their target price on Sun Life Financial from C$53.00 to C$54.00 and gave the company a hold rating in a report on Thursday, November 9th. Finally, BMO Capital Markets upgraded Sun Life Financial from a market perform rating to an outperform rating and raised their target price for the company from C$56.00 to C$61.00 in a report on Friday, February 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Sun Life Financial currently has a consensus rating of Buy and a consensus target price of C$58.67.
Shares of Sun Life Financial (SLF) traded up C$0.13 during trading hours on Friday, reaching C$54.66. The company’s stock had a trading volume of 837,265 shares, compared to its average volume of 1,170,000. The company has a market capitalization of $33,370.00, a price-to-earnings ratio of 15.71 and a beta of 0.48. Sun Life Financial has a 1-year low of C$43.51 and a 1-year high of C$55.20.
In other news, insider Carolyn Diane Blair sold 3,890 shares of Sun Life Financial stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of C$54.09, for a total value of C$210,410.10. Also, insider Kevin Strain sold 12,511 shares of Sun Life Financial stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$53.84, for a total value of C$673,592.24.
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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.
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