Intact Financial Co. (TSE:IFC) Receives C$96.00 Consensus Price Target from Brokerages
Shares of Intact Financial Co. (TSE:IFC) have been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$96.00.
A number of research firms have recently commented on IFC. Scotiabank reiterated an “outperform” rating and set a C$100.00 target price on shares of Intact Financial in a research note on Thursday, July 28th. Desjardins boosted their price objective on Intact Financial from C$90.00 to C$94.00 in a research note on Thursday, July 28th. CIBC lowered their price objective on Intact Financial from C$109.00 to C$98.00 in a research note on Thursday, July 28th. TD Securities boosted their price objective on Intact Financial from C$94.00 to C$98.00 and gave the company a “hold” rating in a research note on Thursday, July 28th. Finally, Raymond James Financial Inc. cut Intact Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from C$96.00 to C$97.00 in a research note on Thursday, July 28th.
Intact Financial (TSE:IFC) opened at 95.51 on Monday. The firm has a market capitalization of $12.53 billion and a P/E ratio of 22.70. The company has a 50 day moving average of $93.90 and a 200 day moving average of $91.54. Intact Financial has a 1-year low of $77.49 and a 1-year high of $97.20.
About Intact Financial
Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto. It offers various levels of coverage to customers for their liability, personal injury and damage to their vehicles through personal auto.
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