Scotiabank Reaffirms Outperform Rating for Intact Financial Co. (IFC)
Intact Financial Co. (TSE:IFC)‘s stock had its “outperform” rating reissued by equities research analysts at Scotiabank in a report issued on Wednesday. They currently have a C$100.00 target price on the stock. Scotiabank’s price target would suggest a potential upside of 5.88% from the stock’s current price.
Several other analysts also recently issued reports on IFC. TD Securities lifted their price target 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. Raymond James Financial Inc. downgraded Intact Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the company from C$96.00 to C$97.00 in a research note on Thursday, July 28th. BMO Capital Markets reissued an “outperform” rating and issued a C$103.00 price target on shares of Intact Financial in a research note on Thursday, July 28th. Desjardins lifted their price target on Intact Financial from C$90.00 to C$94.00 in a research note on Thursday, July 28th. Finally, CIBC dropped their price target on Intact Financial from C$109.00 to C$98.00 in a research note on Thursday, July 28th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$96.00.
Shares of Intact Financial (TSE:IFC) traded down 0.87% during mid-day trading on Wednesday, reaching $93.63. The company had a trading volume of 77,065 shares. Intact Financial has a 12 month low of $77.49 and a 12 month high of $97.20. The company has a market capitalization of $12.28 billion and a price-to-earnings ratio of 22.26. The firm’s 50-day moving average is $94.13 and its 200 day moving average is $91.75.
Intact Financial Company Profile
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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