Royal Bank of Canada Has Lowered Expectations for Sagicor Financial (TSE:SFC) Stock Price

Sagicor Financial (TSE:SFC) had its target price dropped by investment analysts at Royal Bank of Canada from C$9.00 to C$8.50 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 6.52% from the company’s current price.

A number of other research analysts have also recently commented on SFC. National Bankshares upped their price objective on Sagicor Financial from C$9.50 to C$11.00 and gave the company an “outperform” rating in a report on Monday. Scotiabank boosted their price objective on Sagicor Financial from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday.

Sagicor Financial Trading Up 2.0 %

SFC stock traded up C$0.16 during trading on Monday, reaching C$7.98. 22,176 shares of the stock were exchanged, compared to its average volume of 41,163. The business has a 50 day moving average price of C$7.23 and a 200-day moving average price of C$6.50. Sagicor Financial has a 1 year low of C$5.40 and a 1 year high of C$8.40. The firm has a market capitalization of C$759.56 million, a price-to-earnings ratio of 1.51 and a beta of 0.20.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.