Sun Life (TSE:SLF) Rating Increased
In an analyst note issued to clients and investors today, TD Securities upgraded shares of Sun Life (TSE:SLF) to Buy Rating from Hold rating.
Despite the rating upgrade TSE:SLF is now trading -0.73% lower at $49.29 as of 8:14 AM New York time. Sun Life shares have [From2] 0% over the last 200 days, while the S&P500 has increased 6.00% during the same time period.
According to data compiled by Thomson Reuters, Sun Life (TSE:SLF)’s stock is covered by 14 equity analysts across the Street, with 1 analysts giving it a Sell rating, 11 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $40.34, which reflects an downside potential of 18.16% over the current price.
Sun Life (TSE:SLF) Profile
Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments.
Sun Life (TSE:SLF) traded down -0.73% on 16 January, hitting $49.29. A total of 1.17M shares of the company’s stock traded hands. This is up from average of 977,858 shares. Sun Life has a 52 week low of $43.51 and a 52 week high of $53.75. The company has a market cap of $30.16B and a P/E ratio of 11.4.
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