Sagicor Financial (TSE:SFC) Given New C$11.00 Price Target at Acumen Capital

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

Other equities analysts have also issued reports about the company. Scotiabank lifted their price objective on Sagicor Financial from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday. Royal Bank of Canada reduced their price target on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Monday. Finally, National Bankshares raised their price objective on shares of Sagicor Financial from C$9.50 to C$11.00 and gave the company an “outperform” rating in a research note on Monday.

Sagicor Financial Price Performance

TSE SFC traded up C$0.16 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 business has a 50 day moving average of C$7.23 and a two-hundred day moving average of C$6.50. Sagicor Financial has a fifty-two week low of C$5.40 and a fifty-two week high of C$8.40. The firm has a market cap of C$759.56 million, a price-to-earnings ratio of 1.51 and a beta of 0.20.

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.