Sun Life Financial Stock Price Expected to Rise by Over 40%

Sun Life Financial Inc., a Toronto-based financial services organization, is expected to see its stock price rise according to Royal Bank Of Canada. The firm has increased its price objective for Sun Life Financial (NYSE:SLF) from $98.00 to $119.00 in a research report issued on Monday.

This would suggest a potential upside of 44.38% from the current price. Several other equities analysts have also weighed in on the stock, with one firm raising its rating and others maintaining their ratings. The average rating among analysts is 'Moderate Buy', with an average price target of $96.33.

Shares of NYSE:SLF traded up $0.51 during trading on Monday, reaching a price of $82.42. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.