Sagicor Financial (TSE:SFC) Sets New 12-Month High - Time to Buy?

Sagicor Financial Company Ltd. (TSE:SFC - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$8.88 and last traded at C$8.88, with a volume of 21397 shares trading hands. The stock had previously closed at C$8.37.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SFC. National Bankshares lifted their price objective on Sagicor Financial from C$9.50 to C$11.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. Royal Bank Of Canada set a C$9.00 price objective on shares of Sagicor Financial and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Scotiabank upped their target price on shares of Sagicor Financial from C$10.00 to C$12.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. Finally, Acumen Capital boosted their price objective on Sagicor Financial from C$10.25 to C$11.00 and gave the stock a "buy" rating in a research note on Monday, March 17th.

Sagicor Financial Stock Down 4.2%

The firm has a market cap of C$810.01 million, a PE ratio of 1.61 and a beta of 0.20. The company's 50 day moving average price is C$8.15 and its two-hundred day moving average price is C$7.57.

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.