Brokerages Set Intact Financial Co. (TSE:IFC) Price Target at C$127.64
Intact Financial Co. (TSE:IFC) has earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$127.64.
A number of research firms recently commented on IFC. Raymond James set a C$133.00 target price on shares of Intact Financial and gave the stock a “market perform” rating in a report on Wednesday, August 7th. National Bank Financial boosted their target price on shares of Intact Financial from C$110.00 to C$124.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. TD Securities dropped their target price on shares of Intact Financial from C$140.00 to C$135.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. CIBC boosted their target price on shares of Intact Financial from C$120.00 to C$134.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada downgraded shares of Intact Financial from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$122.00 to C$135.00 in a report on Monday, July 22nd.
In other news, Senior Officer Joseph D’annunzio sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$118.61, for a total transaction of C$118,610.00. Following the sale, the insider now owns 4,730 shares in the company, valued at C$561,025.30.
About Intact Financial
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.
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