Royal Bank Of Canada Boosts Sun Life Financial Price Target

Sun Life Financial (TSE:SLF) has seen its price target boost from Royal Bank Of Canada, according to a recent research note. The bank's analysts increased their target price for SLF from C$98.00 to C$119.00, which indicates a potential upside of 3.39% from the company's current price.

This is not the only time this year that Sun Life Financial has had its price target boosted. Other analysts have also raised their estimates, with National Bank Financial increasing its price target to C$125.00 and TD boosting its target to C$124.00.

The company's stock has been performing well, trading up C$0.85 on Monday to hit C$115.10. The firm has a market cap of C$63.74 billion and a P/E ratio of 19.51.