Scotiabank Increases Sagicor Financial (TSE:SFC) Price Target to C$12.00

Sagicor Financial (TSE:SFC) had its target price hoisted by Scotiabank from C$10.00 to C$12.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 59.57% from the stock’s previous close.

Separately, 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 report on Monday.

Sagicor Financial Stock Performance

SFC opened at C$7.52 on Monday. The company has a fifty day moving average price of C$7.29 and a two-hundred day moving average price of C$6.53. Sagicor Financial has a 52 week low of C$5.40 and a 52 week high of C$8.40. The firm has a market capitalization of C$715.78 million, a PE ratio of 1.42 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.