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BMO Capital Reaffirms Their Buy Rating on Sun Life Financial (SLF)


Sun Life Financial (SLF), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Tom Mackinnon from BMO Capital rated Sun Life Financial (SLF) a Buy, setting a C$56 price target.

According to TipRanks.com, Mackinnon is a 4-star analyst with an average return of 7.7% and a 59.5% success rate. Mackinnon covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Manulife Financial Corp, and Sun Life Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sun Life Financial with a C$56.17 average price target, implying a 15.5% upside from current levels. In a report released yesterday, National Bank also maintained a Buy rating on the stock with a C$55 price target.

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Sun Life Financial’s market cap is currently C$29.52B and has a P/E ratio of 12.6. The company has a Price to Book ratio of 1.41.

Sun Life Financial, Inc. is a holding company, which engages in the provision of diversified financial services. It operates its business through its segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

The company’s shares closed on Thursday at C$48.63.