Sun Life Financial (TSE:SLF) Price Target Lowered to C$94.00 at Scotiabank

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective lowered by Scotiabank from C$98.00 to C$94.00 in a research report report published on Friday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on SLF. Barclays lifted their price objective on shares of Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. Royal Bank of Canada upped their price target on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Cormark increased their price objective on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. CIBC boosted their target price on Sun Life Financial from C$96.00 to C$97.00 in a research note on Thursday, January 30th. Finally, TD Securities increased their price target on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sun Life Financial presently has an average rating of “Moderate Buy” and an average target price of C$87.10.

Sun Life Financial Trading Down 0.3 %

Shares of TSE SLF opened at C$78.20 on Friday. The business has a fifty day moving average price of C$84.53 and a 200 day moving average price of C$79.51. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$88.54. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. The stock has a market capitalization of C$44.67 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.30%. Sun Life Financial’s payout ratio is currently 48.87%.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.