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Tuesday, November 29, 2011

Undervalued Stock Detected (TSE: SLF.TO)

Shares of SLF fell by 1.14% or $-0.21/share to $18.25. Sun Life Financial Inc. is trading at a price to book ratio of 0.75. This indicates that the value of the company's underlying assets exceeds today's market price. The price to sales ratio came in at 0.51. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1819390 shares of SLF.TO exchange hands on a given day and today's volume is recorded at 4811500. These financial metrics combined make this company seem undervalued. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.