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

Sagicor Financial logo with Financial Services background

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.
  • MarketBeat previews top five stocks to own in September.

Sagicor Financial (TSE:SFC - Get Free Report) was upgraded by stock analysts at Scotiabank to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

Separately, 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 report on Tuesday, April 15th.

Get Our Latest Report on SFC

Sagicor Financial Stock Performance

Shares of SFC stock opened at C$7.53 on Thursday. Sagicor Financial has a 52-week low of C$5.40 and a 52-week high of C$8.88. The company has a 50-day simple moving average of C$8.22 and a two-hundred day simple moving average of C$7.85. The company has a market capitalization of C$716.73 million, a price-to-earnings ratio of 1.43 and a beta of 0.20.

About Sagicor Financial

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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