CIBC Lowers Sun Life Financial (TSE:SLF) Price Target to C$95.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price decreased by investment analysts at CIBC from C$97.00 to C$95.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 21.51% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. National Bankshares decreased their price target on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank of Canada boosted their price objective on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. National Bank Financial upgraded shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Cormark boosted their price objective on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Finally, Scotiabank reduced their price objective on shares of Sun Life Financial from C$98.00 to C$94.00 in a research report on Friday. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$87.10.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock traded down C$0.27 on Friday, reaching C$78.18. The company’s stock had a trading volume of 997,911 shares, compared to its average volume of 1,792,957. The company has a market capitalization of C$44.66 billion, a P/E ratio of 11.79, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$88.54. The stock has a 50-day moving average price of C$84.53 and a 200-day moving average price of C$79.51. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00.

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.