Sun Life Financial (TSE:SLF) Given New C$82.00 Price Target at Barclays

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by equities researchers at Barclays from C$79.00 to C$82.00 in a note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s target price suggests a potential downside of 4.41% from the company’s current price.

Several other research analysts have also recently weighed in on SLF. Cormark boosted their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Scotiabank raised their price objective on Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday. Royal Bank of Canada lifted their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Jefferies Financial Group increased their price target on shares of Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday. Finally, CIBC upped their target price on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Price Performance

SLF stock traded up C$1.35 during trading on Thursday, hitting C$85.78. The stock had a trading volume of 784,585 shares, compared to its average volume of 2,011,866. 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’s 50-day moving average price is C$78.09 and its two-hundred day moving average price is C$72.11. The stock has a market capitalization of C$49.45 billion, a P/E ratio of 16.25, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial has a twelve month low of C$64.38 and a twelve month high of C$86.39.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, topping the consensus estimate of C$1.58 by C$0.13. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. The firm had revenue of C$8.92 billion for the quarter, compared to the consensus estimate of C$9.18 billion. As a group, research analysts predict that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Linda Dougherty sold 2,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. In related news, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction 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. Also, Senior Officer Linda Dougherty sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total value of C$150,590.00. Company insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

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.