Sun Life Financial Inc (SLF) Given Average Rating of “Buy” by Brokerages

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Shares of Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) have earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$59.08.

A number of analysts recently weighed in on SLF shares. Canaccord Genuity set a C$58.00 price objective on shares of Sun Life Financial and gave the stock a “hold” rating in a research report on Tuesday, July 24th. BMO Capital Markets reduced their price objective on shares of Sun Life Financial from C$62.00 to C$60.00 in a research report on Friday, August 10th. Cormark set a C$60.00 target price on shares of Sun Life Financial in a research report on Friday, August 10th. TD Securities reduced their target price on shares of Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday, August 9th. Finally, Evercore reduced their target price on shares of Sun Life Financial from C$60.50 to C$60.00 in a research report on Monday, October 15th.

In other Sun Life Financial news, insider Stephen Peacher sold 89,485 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of C$51.39, for a total value of C$4,598,634.15.

Shares of SLF traded down C$0.26 during midday trading on Thursday, hitting C$47.95. 851,354 shares of the company traded hands, compared to its average volume of 1,083,276. Sun Life Financial has a 52 week low of C$47.05 and a 52 week high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, August 8th. The financial services provider reported C$1.20 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.15 by C$0.05. Sun Life Financial had a net margin of 2.76% and a return on equity of 4.00%. The firm had revenue of C$6.83 billion during the quarter.

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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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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