In a report released today, Gabriel Dechaine from National Bank maintained a Hold rating on Sun Life Financial (SLF – Research Report), with a price target of C$71.00. The company’s shares opened today at $50.80.
According to TipRanks, Dechaine is a 4-star analyst with an average return of 7.3% and a 64.85% success rate. Dechaine covers the Financial sector, focusing on stocks such as Bank Of Montreal, Bank Of Nova Scotia, and Canadian Bank of Commerce.
In addition to National Bank, Sun Life Financial also received a Hold from RBC Capital’s Darko Mihelic in a report issued on January 25. However, yesterday, Canaccord Genuity maintained a Buy rating on Sun Life Financial (NYSE: SLF).
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Based on Sun Life Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.63 billion and a net profit of $515 million. In comparison, last year the company earned a revenue of $8.51 billion and had a net profit of $1.1 billion
Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SLF in relation to earlier this year.
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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.
Read More on SLF:
- Sun Life Financial (TSE:SLF) Easily Beats Q4-2022 Earnings Estimates
- Sun Life Reports Fourth Quarter and Full Year 2022 Results
- Sun Life declares dividends on Common and Preferred Shares payable in Q1 2023
- Sun Life completes majority acquisition of Advisors Asset Management
- Sun Life Financial price target raised to C$71 from C$67 at Scotiabank