Barclays Reaffirms Their Buy Rating on Sun Life Financial (SLF)

By Jason Carr

Shares of Sun Life Financial (SLFResearch Report) were revisited by a Wall Street analyst today. The company received a Buy rating from Barclays’ analyst John Aiken, with a C$49 price target.

According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.4% and a 36.8% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

Currently, the analyst consensus on Sun Life Financial is a Moderate Buy with an average price target of C$54.60, which is a 17.1% upside from current levels. In a report issued on December 31, Argus Research also upgraded the stock to Buy.

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The company has a one-year high of C$56.09 and a one-year low of C$43.13. Currently, Sun Life Financial has an average volume of 1.52M.

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$46.63.