Top25-SA-Banner

Canaccord Genuity Reiterates a Hold Rating on Sun Life Financial (SLF)


Yesterday, an analyst has provided a rating update for Sun Life Financial (SLF). Canaccord Genuity’s analyst Scott Chan CFA reiterates their Hold rating on the shares, with a C$53 price target.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -1.4% and a 41.6% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

Currently, the analyst consensus on Sun Life Financial is a Moderate Buy with an average price target of C$56.20, implying a 15.6% upside from current levels. In a report issued on October 26, CIBC also reiterated a Hold rating on the stock with a C$57 price target.

.

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.