Royal Bank of Canada Lowers Sagicor Financial (TSE:SFC) Price Target to C$8.50

Sagicor Financial (TSE:SFC - Free Report) had its target price decreased by Royal Bank of Canada from C$9.00 to C$8.50 in a research report report published on Monday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on SFC. Scotiabank raised their price objective on Sagicor Financial from C$10.00 to C$12.00 and gave the company an "outperform" rating in a report on Monday. National Bankshares raised 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.

Sagicor Financial Stock Down 2.9 %

Shares of SFC stock traded down C$0.23 during trading hours on Monday, reaching C$7.64. The company's stock had a trading volume of 12,943 shares, compared to its average volume of 45,328. Sagicor Financial has a fifty-two week low of C$5.40 and a fifty-two week high of C$8.40. The company has a market capitalization of C$727.20 million, a price-to-earnings ratio of 1.45 and a beta of 0.20. The firm's 50 day simple moving average is C$7.35 and its 200-day simple moving average is C$6.55.

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.