Canaccord Genuity Sticks to Its Buy Rating for Sun Life Financial (SLF)

In a report released yesterday, Scott Chan CFA from Canaccord Genuity maintained a Buy rating on Sun Life Financial (SLFResearch Report), with a price target of C$64.50. The company’s shares closed last Wednesday at $46.06.

According to, CFA is a 4-star analyst with an average return of 8.7% and a 48.8% 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 $54.62.

See the top stocks recommended by analysts >>

Based on Sun Life Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $391 million and net profit of $883 million. In comparison, last year the company earned revenue of $1.53 billion and had a net profit of $1.01 billion.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on SLF:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More