Sagicor Financial (TSE:SFC - Get Free Report) received a C$9.00 price target from equities researchers at Royal Bank of Canada in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's price target would suggest a potential upside of 12.08% from the stock's current price.
Other analysts have also recently issued reports about the stock. Acumen Capital increased their target price on shares of Sagicor Financial from C$10.25 to C$11.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Scotiabank increased their price objective on shares of Sagicor Financial from C$10.00 to C$12.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. Finally, National Bankshares lifted their target price on Sagicor Financial from C$9.50 to C$11.00 and gave the company an "outperform" rating in a research note on Monday, March 17th.
Read Our Latest Stock Analysis on Sagicor Financial
Sagicor Financial Stock Performance
Shares of SFC remained flat at C$8.03 during mid-day trading on Tuesday. The stock had a trading volume of 37,290 shares, compared to its average volume of 53,409. Sagicor Financial has a one year low of C$5.40 and a one year high of C$8.40. The stock has a market capitalization of C$764.32 million, a P/E ratio of 1.52 and a beta of 0.20. The company's fifty day moving average price is C$7.80 and its two-hundred day moving average price is C$6.88.
Insiders Place Their Bets
In other news, Director Dodridge Denton Miller sold 50,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$7.86, for a total transaction of C$392,940.00. 34.21% of the stock is owned by insiders.
Sagicor Financial Company Profile
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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.
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