A Reversal for Sun Life Financial Inc Is Not Near. The Stock Reaches 52-Week High Today

 A Reversal for Sun Life Financial Inc Is Not Near. The Stock Reaches 52 Week High Today

The stock of Sun Life Financial Inc (TSE:SLF) hit a new 52-week high and has $57.69 target or 25.00% above today’s $46.15 share price. The 8 months bullish chart indicates low risk for the $28.24B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $57.69 price target is reached, the company will be worth $7.06B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.43M shares traded hands or 57.27% up from the average. Sun Life Financial Inc (TSE:SLF) has risen 8.88% since April 5, 2016 and is uptrending. It has outperformed by 4.10% the S&P500.

Sun Life Financial Inc (TSE:SLF) Ratings Coverage

Out of 12 analysts covering Sun Life Financial Inc. (TSE:SLF), 10 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 83% are positive. $52 is the highest target while $37.0 is the lowest. The $45.64 average target is -1.11% below today’s ($46.15) stock price. Sun Life Financial Inc. has been the topic of 37 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by TD Securities with “Buy” on Friday, August 12. As per Friday, September 11, the company rating was maintained by RBC Capital Markets. As per Wednesday, August 24, the company rating was initiated by Bank of America. The firm earned “Sector Outperformer” rating on Thursday, February 11 by IBC. The rating was upgraded by Macquarie Research on Thursday, September 10 to “Outperform”. The rating was upgraded by TD Securities to “Buy” on Thursday, August 6. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, November 6 report. The rating was upgraded by Argus Research on Wednesday, December 23 to “Buy”. On Thursday, August 6 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm earned “Overweight” rating on Friday, August 7 by Barclays Capital.

More important recent Sun Life Financial Inc (TSE:SLF) news were published by: Forbes.com which released: “Sun Life Financial’s Preferred Shares Series 3 Crosses Above 5% Yield Territory” on July 14, 2016, also Forbes.com published article titled: “Sun Life Financial’s Preferred Shares Series 3 Yield Pushes Past 5%”, Forbes.com published: “RSI Alert: Sun Life Financial Now Oversold” on September 13, 2016. More interesting news about Sun Life Financial Inc (TSE:SLF) was released by: Benzinga.com and their article: “Keep an Eye on These 10 Stocks for November 9, 2016” with publication date: November 09, 2016.

Sun Life Financial Inc. is the holding firm of Sun Life Assurance Company of Canada. The company has a market cap of $28.24 billion. The Firm is a financial services organization providing a range of protection and wealth services and products. It has a 13.93 P/E ratio. It operates in five divisions: Sun Life Financial Canada , Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.

SLF.TO Company Profile

Sun Life Financial Inc. (Sun Life Financial), incorporated on August 5, 1999, is the holding firm of Sun Life Assurance Company of Canada. The Firm is a financial services organization providing a range of protection and wealth services and products to individuals and corporate customers. The Firm operates in five divisions: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate. The Firm operates in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.

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