Sun Life Financial (TSE:SLF) Upgraded at National Bankshares

Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by equities researchers at National Bankshares from a “sector perform” rating to an “outperform” rating in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a C$95.00 target price on the financial services provider’s stock, up from their previous target price of C$82.00. National Bankshares’ price target points to a potential upside of 12.25% from the company’s current price.

Other research analysts also recently issued reports about the company. CIBC increased their price objective on Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday, November 13th. Scotiabank lifted their price target on Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday, November 14th. Barclays lifted their price target on Sun Life Financial from C$82.00 to C$87.00 in a report on Monday, January 6th. Royal Bank of Canada lifted their price objective on Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. Finally, TD Securities boosted their price target on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$86.64.

Sun Life Financial Trading Up 2.4 %

TSE SLF traded up C$1.98 on Wednesday, reaching C$84.63. The company had a trading volume of 558,537 shares, compared to its average volume of 1,098,097. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$88.54. The stock’s 50 day moving average is C$84.96 and its 200-day moving average is C$77.03. The stock has a market cap of C$48.79 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 1.33 and a beta of 0.94. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77.

Insider Activity

In other news, Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. Also, Senior Officer Linda Dougherty bought 5,800 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of C$84.83 per share, for a total transaction of C$492,014.00. Insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

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.