CIBC Reiterates a Hold Rating on Sun Life Financial (SLF)

By Jason Carr

In a new note to investors yesterday, an analyst has provided a rating update for Sun Life Financial (SLFResearch Report). CIBC’s analyst Paul Holden reiterates their Hold rating on the shares, with a C$53 price target.

According to TipRanks.com, Holden is a 1-star analyst with an average return of -1.2% and a 36.5% success rate. Holden 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$55.17 average price target.

Sun Life Financial’s market cap is currently C$26.51B and has a P/E ratio of 12.4. The company has a Price to Book ratio of 1.29.

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$44.15, close to its 52-week low of C$43.74.