Royal Bank of Canada Cuts Intact Financial (OTCMKTS:IFCZF) Price Target to C$195.00

Intact Financial (OTCMKTS:IFCZF) had its price objective trimmed by Royal Bank of Canada from C$197.00 to C$195.00 in a research report report published on Wednesday morning, The Fly reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also commented on IFCZF. Raymond James boosted their price target on Intact Financial from C$180.00 to C$193.00 and gave the stock a strong-buy rating in a research report on Thursday, July 29th. Desjardins upped their target price on Intact Financial from C$185.00 to C$190.00 and gave the company a buy rating in a research report on Friday, July 30th. Credit Suisse Group assumed coverage on Intact Financial in a research report on Tuesday, September 28th. They set an outperform rating and a $215.00 target price on the stock. BMO Capital Markets upped their target price on Intact Financial from C$190.00 to C$200.00 and gave the company an outperform rating in a research report on Thursday, July 29th. Finally, Scotiabank upped their target price on Intact Financial from C$190.00 to C$193.00 and gave the company an outperform rating in a research report on Thursday, July 29th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of $198.33.

Shares of IFCZF stock opened at $133.71 on Wednesday. Intact Financial has a twelve month low of $103.32 and a twelve month high of $142.23. The stock has a fifty day simple moving average of $135.67 and a two-hundred day simple moving average of $134.34.

Intact Financial Company Profile

Intact Financial Corp. engages in providing property and casualty insurance in Canada and specialty insurance in North America. It operates through the following segments: Canada Insurance, U.S. Insurance and Corporate and Other. The Canada Insurance segment comprises of underwriting of automobile, home, and business insurance contracts to individual and business.

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