Sun Life Financial Inc (TSE:SLF) (NYSE:SLF)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$18.11 and last traded at C$51.48, with a volume of 759680 shares trading hands. The stock had previously closed at C$51.88.
Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on Sun Life Financial from C$53.00 to C$56.00 and gave the company an “outperform” rating in a report on Friday, November 10th. TD Securities lifted their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a report on Thursday, November 9th. National Bank Financial lifted their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, CSFB lifted their target price on Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$54.20.
The company has a market capitalization of $31,820.00, a PE ratio of 12.01 and a beta of 0.56.
In other Sun Life Financial news, Director Dean Connor sold 50,042 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$50.37, for a total transaction of C$2,520,615.54. Also, insider Colm Joseph Freyne sold 17,731 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of C$49.93, for a total value of C$885,308.83.
Sun Life Financial Company 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. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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