Sagicor Financial (TSE:SFC) Price Target Lowered to C$8.50 at Royal Bank of Canada

Sagicor Financial (TSE:SFC) had its target price decreased by Royal Bank of Canada from C$9.00 to C$8.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 13.03% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. National Bankshares boosted their price target on Sagicor Financial from C$9.50 to C$11.00 and gave the stock an “outperform” rating in a report on Monday. Scotiabank boosted their price objective on Sagicor Financial from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday.

Sagicor Financial Stock Performance

Sagicor Financial stock opened at C$7.52 on Monday. Sagicor Financial has a 52 week low of C$5.40 and a 52 week high of C$8.40. The stock has a market capitalization of C$715.78 million, a P/E ratio of 1.42 and a beta of 0.20. The stock has a fifty day moving average of C$7.29 and a 200-day moving average of C$6.53.

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.