Sagicor Financial (TSE:SFC) Stock Price Expected to Rise, Scotiabank Analyst Says

Sagicor Financial (TSE:SFC) had its price target raised by analysts at Scotiabank from C$10.00 to C$12.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 50.38% from the stock’s current price.

Separately, National Bankshares upped their price objective on shares of Sagicor Financial from C$9.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Monday.

Sagicor Financial Price Performance

Sagicor Financial stock traded up C$0.16 during mid-day trading on Monday, reaching C$7.98. 22,176 shares of the company were exchanged, compared to its average volume of 41,163. The company has a fifty day simple moving average of C$7.23 and a 200-day simple moving average of C$6.50. The firm has a market cap of C$759.56 million, a PE ratio of 1.51 and a beta of 0.20. Sagicor Financial has a 12 month low of C$5.40 and a 12 month high of C$8.40.

About Sagicor Financial

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.