Intact Financial Co. (TSE:IFC) Stock Rating Reaffirmed by Scotiabank
Scotiabank reaffirmed their outperform rating on shares of Intact Financial Co. (TSE:IFC) in a report issued on Tuesday, July 4th, StockTargetPrices.com reports. Scotiabank currently has a C$105.00 price objective on the stock.
A number of other research analysts also recently issued reports on IFC. Keefe, Bruyette & Woods started coverage on Intact Financial in a research note on Thursday, April 6th. They issued a market perform rating and a C$101.00 price objective on the stock. BMO Capital Markets reaffirmed an outperform rating and set a C$104.00 price target on shares of Intact Financial in a research note on Thursday, April 6th. Raymond James Financial, Inc. reaffirmed a market perform rating and set a C$98.00 price target on shares of Intact Financial in a research note on Thursday, April 6th. TD Securities reaffirmed a hold rating and set a C$97.00 price target on shares of Intact Financial in a research note on Friday, April 7th. Finally, Barclays PLC reaffirmed an overweight rating and set a C$100.00 price target on shares of Intact Financial in a research note on Thursday, May 11th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of C$102.20.
Intact Financial (TSE IFC) traded up 0.05% during trading on Tuesday, reaching $98.74. 131,124 shares of the company’s stock were exchanged. The company has a market capitalization of $12.93 billion and a price-to-earnings ratio of 19.42. Intact Financial has a 52-week low of $90.00 and a 52-week high of $98.81. The stock’s 50-day moving average price is $96.06 and its 200-day moving average price is $94.71.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.64 dividend. This is a positive change from Intact Financial’s previous quarterly dividend of $0.53. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 14th.
In other Intact Financial news, insider Lucie Martel acquired 3,215 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were bought at an average price of C$93.42 per share, for a total transaction of C$300,345.30.
About Intact Financial
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada. It primarily underwrites automobile, home, and commercial property and casualty insurance contracts. The company distributes its services through a network of independent insurance brokers, as well as sells directly to consumers through call centers and the Internet.
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