In a report released today, Mario Mendonca from TD Securities maintained a Hold rating on Sun Life Financial (SLF – Research Report), with a price target of C$59.00. The company’s shares closed today at $42.84.
Mendonca covers the Financial sector, focusing on stocks such as Sun Life Financial, Bank Of Nova Scotia, and Royal Bank Of Canada. According to TipRanks, Mendonca has an average return of 17.1% and a 67.53% success rate on recommended stocks.
Sun Life Financial has an analyst consensus of Moderate Buy, with a price target consensus of $48.88, which is a 14.10% upside from current levels. In a report released on October 28, National Bank also maintained a Hold rating on the stock with a C$65.00 price target.
SLF market cap is currently $24.44B and has a P/E ratio of 8.26.
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.
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:
- Sun Life Reports Third Quarter 2022 Results
- Sun Life increases Common Share dividend and declares dividends on Preferred Shares
- Sun Life Financial price target lowered to C$65 from C$67 at National Bank
- Sun Life hosts third quarter 2022 earnings conference call
- Sun Life Financial price target lowered to C$63 from C$67 at Barclays