Sagicor Financial (TSE:SFC) Raised to Strong-Buy at Scotiabank

Key Points

• Sagicor Financial's stock was upgraded to a "strong-buy" rating by Scotiabank, reflecting positive market sentiment towards the company.
• The Royal Bank of Canada has set a price objective of C$9.00 for Sagicor Financial, indicating an "outperform" rating for the stock.
• As of Thursday, Sagicor Financial shares opened at C$7.53, with a market capitalization of C$716.73 million and a price-to-earnings ratio of 1.43.

Scotiabank upgraded shares of Sagicor Financial (TSE:SFC - Free Report) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Separately, Royal Bank Of Canada set a C$9.00 price target on shares of Sagicor Financial and gave the stock an "outperform" rating in a report on Tuesday, April 15th.

Sagicor Financial Stock Up 1.2%

Shares of Sagicor Financial stock traded up C$0.09 during trading on Thursday, reaching C$7.65. The company's stock had a trading volume of 49,355 shares, compared to its average volume of 40,458. The company has a 50-day simple moving average of C$8.20 and a two-hundred day simple moving average of C$7.88. Sagicor Financial has a 1-year low of C$5.40 and a 1-year high of C$8.88. The company has a market cap of C$728.15 million, a price-to-earnings ratio of 1.45 and a beta of 0.20.

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.