Sun Life Financial (SLF) Price Target Lowered to C$54.00 at Barclays
A number of other equities research analysts also recently weighed in on the company. Canaccord Genuity dropped their target price on Sun Life Financial from C$54.00 to C$53.00 in a research report on Friday. BMO Capital Markets dropped their target price on Sun Life Financial from C$60.00 to C$56.00 in a research report on Friday. Evercore ISI dropped their target price on Sun Life Financial from C$60.00 to C$59.00 in a research report on Thursday. Evercore dropped their target price on Sun Life Financial from C$60.00 to C$59.00 in a research report on Thursday. Finally, National Bank Financial dropped their target price on Sun Life Financial from C$59.00 to C$55.00 and set an outperform rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Sun Life Financial currently has a consensus rating of Buy and a consensus target price of C$57.71.
Sun Life Financial stock traded down C$0.18 on Friday, reaching C$48.45. The company’s stock had a trading volume of 1,192,800 shares, compared to its average volume of 1,099,038. The company has a debt-to-equity ratio of 18.98, a current ratio of 481.58 and a quick ratio of 448.92. Sun Life Financial has a twelve month low of C$46.96 and a twelve month high of C$56.09.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.48. Sun Life Financial’s payout ratio is presently 46.50%.
In other news, insider Stephen Peacher sold 89,485 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of C$51.39, for a total transaction of C$4,598,634.15.
About Sun Life Financial
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.
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