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Sun Life Financial (SLF) Receives a Buy from Jefferies

Tipranks - Tipranks - Mon May 4, 7:40AM CDT

In a report released on May 1, John Aiken from Jefferies maintained a Buy rating on Sun Life Financial, with a price target of C$115.00. The company’s shares closed last Friday at C$98.27.

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Aiken covers the Financial sector, focusing on stocks such as Bank Of Montreal, Sun Life Financial, and IGM Financial. According to TipRanks, Aiken has an average return of 0.4% and a 51.55% success rate on recommended stocks.

Currently, the analyst consensus on Sun Life Financial is a Moderate Buy with an average price target of C$101.00, implying a 2.78% upside from current levels. In a report released on April 24, National Bank also upgraded the stock to a Buy with a C$109.00 price target.

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Based on Sun Life Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$5.51 billion and a net profit of C$793 million. In comparison, last year the company earned a revenue of C$3.28 billion and had a net profit of C$142 million

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