Sanlam (OTCMKTS:SLLDY) Trading Up 0.5% – Time to Buy?

Sanlam Limited (OTCMKTS:SLLDYGet Free Report) was up 0.5% during mid-day trading on Monday . The stock traded as high as C$11.22 and last traded at C$11.11. Approximately 29,475 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 51,695 shares. The stock had previously closed at C$11.05.

Analysts Set New Price Targets

Separately, Zacks Research raised Sanlam to a “hold” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Sanlam presently has a consensus rating of “Hold”.

View Our Latest Analysis on Sanlam

Sanlam Price Performance

The firm’s 50-day simple moving average is C$10.66 and its 200-day simple moving average is C$11.53.

About Sanlam

(Get Free Report)

Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.

Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.

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