Sagicor Financial (TSE:SFC) PT Set at C$11.00 by National Bankshares

Key Points

• National Bankshares set a price target of C$11.00 for Sagicor Financial, indicating a potential upside of 32.05% from its current stock price.
• Scotiabank also raised its price objective for Sagicor Financial from C$10.00 to C$11.00, maintaining an "outperform" rating.
• Sagicor Financial's stock is currently trading at C$8.33, with a market capitalization of C$1.13 billion and a PE ratio of 10.68.

Sagicor Financial (TSE:SFC - Get Free Report) received a C$11.00 price objective from stock analysts at National Bankshares in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective indicates a potential upside of 32.05% from the company's current price.

Separately, Scotiabank upped their price objective on Sagicor Financial from C$10.00 to C$11.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sagicor Financial has a consensus rating of "Buy" and an average target price of C$10.50.

Sagicor Financial Price Performance

Shares of SFC stock traded up C$0.19 on Monday, reaching C$8.33. 37,513 shares of the stock were exchanged, compared to its average volume of 36,082. The stock has a 50 day moving average price of C$8.20 and a 200 day moving average price of C$8.10. The stock has a market cap of C$1.13 billion, a PE ratio of 10.68 and a beta of -0.08. Sagicor Financial has a one year low of C$5.85 and a one year high of C$8.88.

Insider Buying and Selling at Sagicor Financial

In other news, Director Alan Kenneth Ryder acquired 10,000 shares of Sagicor Financial stock in a transaction dated Tuesday, September 2nd. The stock was bought at an average cost of C$7.82 per share, with a total value of C$78,200.00. Following the completion of the transaction, the director directly owned 80,000 shares of the company's stock, valued at approximately C$625,600. This represents a 14.29% increase in their ownership of the stock. 34.21% of the stock is owned by corporate insiders.

About Sagicor Financial

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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