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

Key Points

• Scotiabank has raised its price target for Sagicor Financial from C$10.00 to C$11.00, indicating a potential upside of 38.89% from the current stock price.
• Sagicor Financial's shares increased by 9.8% on Friday, trading at C$7.92, with a total of 20,189 shares exchanged.
• The company operates as a leading financial services provider with over 180 years of history in the Caribbean and a growing presence in the United States.

Sagicor Financial (TSE:SFC - Get Free Report) had its price target raised by equities researchers at Scotiabank from C$10.00 to C$11.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Scotiabank's price target would suggest a potential upside of 38.89% from the company's current price.

Sagicor Financial Stock Up 9.8%

Shares of TSE SFC traded up C$0.71 during trading on Friday, reaching C$7.92. 20,189 shares of the stock were exchanged, compared to its average volume of 40,089. The business's 50-day moving average price is C$8.13 and its 200 day moving average price is C$7.91. Sagicor Financial has a twelve month low of C$5.40 and a twelve month high of C$8.88. The company has a market capitalization of C$753.85 million, a price-to-earnings ratio of 1.50 and a beta of 0.20.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd. is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada, and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate.

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