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

Sagicor Financial (TSE:SFC) had its price objective hoisted by stock analysts at Acumen Capital from C$10.25 to C$11.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Acumen Capital’s price target suggests a potential upside of 37.84% from the stock’s current price.

A number of other research analysts have also recently commented on SFC. Scotiabank upped their price target on Sagicor Financial from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday. National Bankshares boosted their price target on shares of Sagicor Financial from C$9.50 to C$11.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Royal Bank of Canada lowered their price objective on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Monday.

Sagicor Financial Stock Performance

SFC traded up C$0.16 during midday trading on Monday, reaching C$7.98. The company had a trading volume of 22,176 shares, compared to its average volume of 41,163. The stock has a market cap of C$759.56 million, a PE ratio of 1.51 and a beta of 0.20. The business has a 50-day moving average price of C$7.23 and a two-hundred day moving average price of C$6.50. Sagicor Financial has a 12-month low of C$5.40 and a 12-month high of C$8.40.

Sagicor Financial Company Profile

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.