Sun Life (SLF) is Upgraded by Argus to Buy, Price Target at $37

Sun Life (SLF) is Upgraded by Argus to Buy according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $37. Earlier the firm had a rating of Hold on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-23-2015.

Shares of Sun Life Financial Inc. (NYSE:SLF) ended Thursday session in red amid volatile trading. The shares closed down 0.56 points or 1.76% at $31.29 with 499,054 shares getting traded. Post opening the session at $31.74, the shares hit an intraday low of $31.17 and an intraday high of $31.85 and the price vacillated in this range throughout the day. The company has a market cap of $19,124 million and the number of outstanding shares has been calculated to be 611,200,000 shares. The 52-week high of Sun Life Financial Inc. (NYSE:SLF) is $36.73 and the 52-week low is $27.87.

During the last several months other analysts have commented on the company rating. Major Brokerage house, Macquarie downgrades its ratings on Sun Life Financial Inc. (NYSE:SLF). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on November 5, 2015.

Sun Life Financial Inc. (NYSE:SLF) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The company received an average rating of 1.5 from 4 analysts. 2 have rated it as a strong buy. 2 analysts recommended buying the shares.

Sun Life Financial Inc. (NYSE:SLF) stock has received a short term price target of $ 42.51 from 4 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $6.36. The higher estimate of target price is $52 , while the lower price target estimate is $39

Sun Life Financial Inc. has lost 3.16% in the last five trading days and dropped 3.82% in the last 4 weeks. Sun Life Financial Inc. is up 0.21% in the last 3-month period. Year-to-Date the stock performance stands at -9.96%.”

Sun Life Financial Inc. (SLF Inc.) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Sun Life Financial and its partners have operations in key markets worldwide, including Canada, the United States (U.S.), the United Kingdom (U.K.), Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam and Bermuda. In August 2013, Delaware Life Holdings purchased of the domestic U.S. annuity business and certain life insurance businesses of Sun Life Financial Inc. In February 2014, Sun Life Financial Inc launched its new asset management business, Sun Life Investment Management Inc.