Sagicor Financial (TSE:SFC) Hits New 1-Year High – Here’s Why

by · The Cerbat Gem

Sagicor Financial Company Ltd. (TSE:SFC – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$8.89 and last traded at C$8.87, with a volume of 52592 shares changing hands. The stock had previously closed at C$8.60.

Analysts Set New Price Targets

SFC has been the topic of several analyst reports. Scotiabank increased their price target on Sagicor Financial from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. National Bankshares set a C$11.00 target price on Sagicor Financial and gave the stock an “outperform” rating in a research note on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$10.50.

Check Out Our Latest Analysis on Sagicor Financial

Sagicor Financial Stock Down 0.1%

The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 9.46 and a beta of -0.01. The stock’s 50-day simple moving average is C$8.18 and its two-hundred day simple moving average is C$8.18.

Sagicor Financial (TSE:SFC – Get Free Report) last released its earnings results on Thursday, November 13th. The company reported C$0.26 EPS for the quarter. Sagicor Financial had a net margin of 22.28% and a return on equity of 56.05%. The business had revenue of C$506.28 million during the quarter. On average, sell-side analysts forecast that Sagicor Financial Company Ltd. will post 0.9578783 EPS for the current year.

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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