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Barclays Stick to Their Sell Rating for Sun Life Financial Inc.

Published 07/13/2020, 01:45 AM
Updated 07/13/2020, 01:45 AM


Barclays (LON:BARC) analyst John Aiken maintained a Sell rating on Sun Life Financial (NYSE:SLF) Inc. on Friday, setting a price target of C$48, which is approximately 30.90% above the present share price of $36.67.

Aiken expects Sun Life Financial Inc . to post earnings per share (EPS) of $0.67 for the third quarter of 2020.

The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Sun Life Financial, with an average price target of $41.82.
The analysts price targets range from a high of $46.36 to a low of $38.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $6.49 billion and a net profit of $0. The company's market cap is $21.44 billion.

According to TipRanks.com, Barclays analyst John Aiken is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -3.2% and a 41.67% success rate.

Sun Life Financial, Inc. is a holding company. The firm engages in the provision of financial services. It operates through the following segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate. The Sun Life Financial Canada segment offers individual insurance and wealth, and group benefits and retirement services. The Sun Life Financial United States segment consists of group benefits, international and in-force management services. The Sun Life Financial Asset Management segment focuses on the design and delivers investment products through MFS investment management, and Sun Life investment management. The Sun Life Financial Asia segment comprises of Philippines, Hong Kong, Indonesia, Vietnam, Malaysia, India, and China markets. The Corporate segment represents United Kingdom business unit and corporate support operations, which include run-off reinsurance operations as well as investment income, expenses, capital, and other items. The company was founded on March 18, 1865 and is headquartered in Toronto, Canada.

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