Sun Life Financial Inc Just Reaches 52-Week High?

 Sun Life Financial Inc Just Reaches 52 Week High?

The stock of Sun Life Financial Inc (TSE:SLF) hit a new 52-week high and has $89.18 target or 69.00% above today’s $52.77 share price. The 8 months bullish chart indicates low risk for the $32.61B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $89.18 price target is reached, the company will be worth $22.50B 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 610,254 shares traded hands. Sun Life Financial Inc (TSE:SLF) has risen 22.56% since April 15, 2016 and is uptrending. It has outperformed by 18.70% 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. $55 is the highest target while $37.0 is the lowest. The $47.55 average target is -9.89% below today’s ($52.77) stock price. Sun Life Financial Inc. has been the topic of 40 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, August 7. As per Thursday, September 10, the company rating was upgraded by Macquarie Research. The stock of Sun Life Financial Inc (TSE:SLF) earned “Buy” rating by TD Securities on Thursday, August 6. RBC Capital Markets maintained it with “Outperform” rating and $50 target price in Friday, September 11 report. RBC Capital Markets maintained it with “Outperform” rating and $52 target price in Friday, November 6 report. The rating was downgraded by Macquarie Research on Thursday, November 5 to “Neutral”. On Thursday, August 6 the stock rating was upgraded by Credit Suisse to “Outperform”. Dundee Securities maintained it with “Buy” rating and $48 target price in Wednesday, September 21 report. The rating was upgraded by Bank of America to “Buy” on Monday, September 21. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, August 6.

More important recent Sun Life Financial Inc (TSE:SLF) news were published by: Theglobeandmail.com which released: “Sun Life overhauling life insurance application process in Canada” on November 21, 2016, also Business.Financialpost.com published article titled: “Sun Life Financial Inc downgraded, investors told to ‘manage their expectations'”, Businessinsider.com published: “UPDATE 1-Sun Life Financial profit beats on strength in U.S., Canada” on November 09, 2016. More interesting news about Sun Life Financial Inc (TSE:SLF) was released by: Nasdaq.com and their article: “Sun Life Financial Inc. Earnings Climb 21% In Q3” 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 $32.61 billion. The Firm is a financial services organization providing a range of protection and wealth services and products. It has a 14.17 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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