Sun Life Financial (TSE:SLF) Given New C$89.00 Price Target at Jefferies Financial Group

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price raised by research analysts at Jefferies Financial Group from C$81.00 to C$89.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 13.30% from the stock’s current price.

Several other equities analysts also recently commented on the company. National Bankshares increased their price target on Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 13th. Evercore dropped their target price on shares of Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Royal Bank of Canada upped their price target on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. TD Securities lowered their price target on Sun Life Financial from C$73.00 to C$72.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Finally, Barclays set a C$76.00 price objective on Sun Life Financial and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Sun Life Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$76.82.

Sun Life Financial Stock Down 0.6 %

TSE:SLF traded down C$0.50 during trading hours on Wednesday, reaching C$78.55. The company’s stock had a trading volume of 515,969 shares, compared to its average volume of 2,052,323. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00. The company has a market cap of C$45.34 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.25 and a beta of 0.93. Sun Life Financial has a one year low of C$61.84 and a one year high of C$79.45. The business’s 50-day moving average is C$73.98 and its 200-day moving average is C$70.89.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.13. The company had revenue of C$8.92 billion during the quarter, compared to analysts’ expectations of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. Equities research analysts predict that Sun Life Financial will post 7.3314607 EPS for the current year.

Insider Transactions at Sun Life Financial

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total value of C$1,142,323.80. Also, Senior Officer Linda Dougherty sold 2,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. 0.03% of the stock is owned by insiders.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.