Intact Financial Co. (IFC) Receives “Outperform” Rating from BMO Capital Markets
BMO Capital Markets reaffirmed their outperform rating on shares of Intact Financial Co. (TSE:IFC) in a report released on Thursday, StockTargetPrices.com reports. They currently have a C$104.00 price target on the stock.
IFC has been the subject of several other research reports. Royal Bank of Canada lowered shares of Intact Financial from an outperform rating to a sector perform rating and dropped their price objective for the stock from C$108.00 to C$107.00 in a report on Monday, January 9th. Scotiabank reissued an outperform rating and set a C$105.00 price target on shares of Intact Financial in a research report on Thursday, February 16th. Keefe, Bruyette & Woods started coverage on shares of Intact Financial in a research report on Thursday, April 6th. They set a market perform rating and a C$101.00 price target on the stock. TD Securities reissued a hold rating and set a C$100.00 price target on shares of Intact Financial in a research report on Friday, January 27th. Finally, Desjardins boosted their price objective on shares of Intact Financial from C$94.00 to C$96.00 and gave the company a hold rating in a research report on Wednesday, February 1st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Intact Financial presently has a consensus rating of Hold and an average price target of C$100.80.
Shares of Intact Financial (TSE:IFC) traded up 0.02% on Thursday, hitting $94.77. The company’s stock had a trading volume of 120,682 shares. Intact Financial has a 52 week low of $84.88 and a 52 week high of $97.56. The stock’s 50 day moving average price is $94.56 and its 200 day moving average price is $94.12. The stock has a market capitalization of $12.42 billion and a P/E ratio of 23.87.
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In related news, Director Yves Brouillette sold 12,500 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of C$94.47, for a total value of C$1,180,875.00. Also, insider Mark Alan Tullis sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of C$95.77, for a total transaction of C$95,770.00. In the last quarter, insiders sold 17,238 shares of company stock worth $1,632,517.
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 a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.
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