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Sun Life Financial (SLF) Receives a Buy from Barclays


Yesterday, an analyst has provided a rating update for Sun Life Financial (SLF). Barclays’ analyst John Aiken reiterates their Buy rating on the shares, with a C$54 price target.

According to TipRanks.com, Aiken is ranked 0 out of 5 stars with an average return of -2.5% and a 39.1% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

Sun Life Financial has an analyst consensus of Moderate Buy, with a price target consensus of C$55.86, representing a 14.9% upside. 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.