Scotiabank Increases Sagicor Financial (TSE:SFC) Price Target to C$12.00

Sagicor Financial (TSE:SFC) had its price target hoisted by equities researchers at Scotiabank from C$10.00 to C$12.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 59.57% from the company’s current price.

Separately, National Bankshares raised their price target on shares of Sagicor Financial from C$9.50 to C$11.00 and gave the company an “outperform” rating in a report on Monday.

Sagicor Financial Trading Down 5.5 %

TSE:SFC opened at C$7.52 on Monday. The stock has a market capitalization of C$715.78 million, a P/E ratio of 1.42 and a beta of 0.20. The firm has a 50 day moving average of C$7.29 and a 200-day moving average of C$6.53. Sagicor Financial has a 1 year low of C$5.40 and a 1 year high of C$8.40.

About Sagicor Financial

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.