Sagicor Financial (TSE:SFC) Hits New 12-Month High – Should You Buy?

Sagicor Financial Company Ltd. (TSE:SFC) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$9.75 and last traded at C$9.66, with a volume of 29530 shares trading hands. The stock had previously closed at C$9.35.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada set a C$10.00 target price on Sagicor Financial and gave the stock an “outperform” rating in a research report on Monday, January 19th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$10.75.

Sagicor Financial Price Performance

The stock has a market capitalization of C$1.33 billion, a P/E ratio of 10.33 and a beta of -0.08. The stock’s fifty day moving average is C$9.44 and its 200-day moving average is C$8.75.

About Sagicor Financial

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. Sagicor operates through the following four segments: Sagicor Canada, Sagicor Life USA, Sagicor Jamaica, and Sagicor Life.