Trade Report: Today: Sun Life Financial Inc. (SLF) PT Raised to C$45.00

Today: Sun Life Financial Inc. (SLF) PT Raised to C$45.00

Sun Life Financial Inc. (TSE:SLF) had its price objective lifted by investment analysts at Barclays PLC from C$44.00 to C$45.00 in a research note issued to investors on Thursday. Barclays PLC’s target price points to a potential upside of 3.47% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Dundee Securities reaffirmed a “buy” rating and issued a C$48.00 target price on shares of Sun Life Financial in a research note on Wednesday, September 21st. CIBC raised their target price on shares of Sun Life Financial from C$46.00 to C$47.00 in a research note on Thursday, September 15th. BMO Capital Markets lowered their target price on shares of Sun Life Financial from C$46.00 to C$45.00 in a research note on Friday, August 12th. TD Securities reissued a “buy” rating and set a C$47.00 price target on shares of Sun Life Financial in a research note on Thursday, August 11th. Finally, Scotiabank decreased their price target on shares of Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Thursday, August 11th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$46.00.

Sun Life Financial (TSE:SLF) opened at 43.49 on Thursday. The firm has a market cap of $26.65 billion and a P/E ratio of 13.14. The company’s 50 day moving average is $42.03 and its 200-day moving average is $42.60. Sun Life Financial has a 52-week low of $36.64 and a 52-week high of $46.12.

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.72%.

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