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

Sagicor Financial (TSE:SFC) had its price target trimmed by Royal Bank of Canada from C$9.00 to C$8.50 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

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

Sagicor Financial Price Performance

Sagicor Financial stock opened at C$7.76 on Monday. The business has a 50 day moving average of C$7.32 and a 200-day moving average of C$6.54. Sagicor Financial has a 1 year low of C$5.40 and a 1 year high of C$8.40. The company has a market capitalization of C$738.62 million, a P/E ratio of 1.47 and a beta of 0.20.

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.