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Sagicor Financial ( (TSE:SFC) ) just unveiled an update.
Sagicor Financial has received an upgrade in its credit ratings from Fitch Ratings, with its Long-Term Issuer Default Rating improved to ‘BBB’ and its senior unsecured debt upgraded to ‘BBB-‘. This upgrade reflects Sagicor’s enhanced core profitability, contributions from ivari, reduced debt financing costs, and robust capitalization. The improved ratings are expected to provide Sagicor with better access to capital, supporting its strategy for stable and profitable growth.
The most recent analyst rating on (TSE:SFC) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Sagicor Financial stock, see the TSE:SFC Stock Forecast page.
Spark’s Take on TSE:SFC Stock
According to Spark, TipRanks’ AI Analyst, TSE:SFC is a Outperform.
Sagicor Financial’s strong valuation and robust financial performance are the primary drivers of its overall score. The stock’s attractive P/E ratio and high dividend yield enhance its investment appeal. Technical indicators support a positive trend, although potential overbought conditions warrant caution. The absence of earnings call and corporate events data did not impact the score.
To see Spark’s full report on TSE:SFC stock, click here.
More about Sagicor Financial
Sagicor Financial Company Ltd. is a prominent financial services provider with a rich history spanning over 180 years in the Caribbean, 90 years in Canada, and 70 years in the United States. The company offers a diverse range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate.
Average Trading Volume: 25,763
Technical Sentiment Signal: Buy
Current Market Cap: C$1.12B
Find detailed analytics on SFC stock on TipRanks’ Stock Analysis page.