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Canaccord Genuity Keeps Their Buy Rating on Sun Life Financial (SLF)

In a report released today, Scott Chan CFA from Canaccord Genuity maintained a Buy rating on Sun Life Financial (SLFResearch Report), with a price target of C$67.00. The company’s shares closed last Tuesday at $48.80.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 9.5% and a 52.1% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

Currently, the analyst consensus on Sun Life Financial is a Moderate Buy with an average price target of $56.49, implying a 15.4% upside from current levels. In a report issued on May 16, Desjardins also maintained a Buy rating on the stock with a C$73.00 price target.

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Sun Life Financial’s market cap is currently $29.53B and has a P/E ratio of 9.50.

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Sun Life Financial Inc. is a Canadian financial services company and is one of the world’s largest insurers. The company provides life and health insurance, as well as wealth and asset management solutions to individuals and corporate clients globally.

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