Scotiabank Sticks to Their Hold Rating for Sun Life Financial (SLF)

By Jason Carr

A Wall Street analyst has provided a review for the Financial company on February 15, but retained the same rating on the stock. Analyst Sumit Malhotra from Scotiabank rated Sun Life Financial (SLFResearch Report) a Hold on February 15, setting a C$54 price target.

According to TipRanks.com, Malhotra is a 4-star analyst with an average return of 5.3% and a 57.9% success rate. Malhotra covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.

Sun Life Financial has an analyst consensus of Moderate Buy, with a price target consensus of C$53, implying a 7.1% upside from current levels. In a report issued on February 5, Canaccord Genuity also maintained a Hold rating on the stock with a C$52 price target.

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Sun Life Financial’s market cap is currently C$29.39B and has a P/E ratio of 13.3. The company has a Price to Book ratio of 1.37.

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 Wednesday at C$49.51.