Sun Life Financial (SLF) Given New C$52.00 Price Target at Canaccord Genuity

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective cut by investment analysts at Canaccord Genuity from C$53.00 to C$52.00 in a research note issued on Tuesday, February 5th. Canaccord Genuity’s price target indicates a potential upside of 3.24% from the stock’s previous close.

A number of other equities analysts have also commented on SLF. Evercore ISI cut their price target on Sun Life Financial from C$60.00 to C$59.00 in a report on Thursday, November 8th. Evercore cut their price target on Sun Life Financial from C$60.00 to C$59.00 in a report on Thursday, November 8th. CIBC cut their price target on Sun Life Financial from C$59.00 to C$57.00 in a report on Monday, October 29th. Desjardins lowered their price objective on Sun Life Financial from C$60.00 to C$58.00 in a research report on Tuesday, October 16th. Finally, Cormark lowered their price objective on Sun Life Financial from C$56.00 to C$53.00 in a research report on Tuesday, January 29th.

Shares of Sun Life Financial stock traded up C$0.55 on Tuesday, hitting C$50.37. The company had a trading volume of 1,106,000 shares, compared to its average volume of 1,797,877. The company has a market cap of $29.75 billion and a PE ratio of 12.15. Sun Life Financial has a 1 year low of C$43.13 and a 1 year high of C$56.09. The company has a quick ratio of 11.33, a current ratio of 12.14 and a debt-to-equity ratio of 42.38.

In other Sun Life Financial news, insider Daniel Fishbein bought 2,943 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The shares were bought at an average cost of C$33.89 per share, with a total value of C$99,738.27.

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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