Scotiabank Issues Positive Forecast for Sagicor Financial (TSE:SFC) Stock Price

Sagicor Financial (TSE:SFC) had its target price raised by Scotiabank from C$10.00 to C$12.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

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

Sagicor Financial Stock Up 1.8 %

Shares of SFC opened at C$7.96 on Monday. The stock has a 50 day moving average price of C$7.27 and a 200 day moving average price of C$6.52. The company has a market capitalization of C$757.66 million, a price-to-earnings ratio of 1.51 and a beta of 0.20. Sagicor Financial has a 52-week low of C$5.40 and a 52-week 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.