Sagicor Financial (TSE:SFC) Stock Price Up 1.9% - Should You Buy?

Key Points

• Sagicor Financial's stock price increased by 1.9% to C$7.55, although trading volume was 26% below its average daily volume.
• Scotiabank has upgraded Sagicor Financial to a "strong-buy" rating, indicating positive market sentiment towards the stock.
• The company has a market capitalization of C$718.63 million and a low price-to-earnings ratio of 1.43, suggesting a potentially undervalued stock.

Sagicor Financial Company Ltd. (TSE:SFC - Get Free Report)'s share price rose 1.9% on Wednesday . The company traded as high as C$7.79 and last traded at C$7.55. Approximately 29,808 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 40,092 shares. The stock had previously closed at C$7.41.

Analysts Set New Price Targets

Separately, Scotiabank raised Sagicor Financial to a "strong-buy" rating in a research report on Thursday, July 31st.

Sagicor Financial Trading Up 1.9%

The stock has a market cap of C$718.63 million, a price-to-earnings ratio of 1.43 and a beta of 0.20. The stock has a 50-day moving average price of C$8.15 and a two-hundred day moving average price of C$7.90.

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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