Sagicor Financial (TSE:SFC) Hits New 52-Week High – Here’s Why

Sagicor Financial Company Ltd. (TSE:SFC) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$10.16 and last traded at C$10.05, with a volume of 70716 shares. The stock had previously closed at C$9.91.

Analyst Ratings Changes

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

Sagicor Financial Stock Up 3.7%

The stock’s fifty day simple moving average is C$9.46 and its two-hundred day simple moving average is C$8.80. The firm has a market cap of C$1.39 billion, a PE ratio of 10.83 and a beta of -0.08.

Sagicor Financial (TSE:SFC) last released its earnings results on Wednesday, March 11th. The company reported C$31.98 earnings per share (EPS) for the quarter. Sagicor Financial had a net margin of 3.28% and a return on equity of 6.62%. On average, equities research analysts anticipate that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current fiscal year.

Sagicor Financial Company Profile

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.