Scotiabank Increases Intact Financial Co. (IFC) Price Target to C$110.00
Intact Financial Co. (TSE:IFC) had its price objective hoisted by stock analysts at Scotiabank from C$105.00 to C$110.00 in a note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 4.50% from the company’s current price.
Several other analysts have also weighed in on IFC. CIBC lowered Intact Financial from an “outperform” rating to a “neutral” rating and increased their price target for the company from C$106.00 to C$113.00 in a report on Friday. TD Securities increased their price target on Intact Financial from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Raymond James Financial, Inc. raised Intact Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$104.00 to C$110.00 in a research report on Thursday, October 19th. BMO Capital Markets set a C$110.00 price target on Intact Financial and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC raised their price objective on Intact Financial from C$100.00 to C$109.00 in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$106.40.
Shares of Intact Financial (IFC) traded up 0.30% during trading on Tuesday, reaching $105.58. 55,521 shares of the company’s stock were exchanged. The firm has a market cap of $13.83 billion and a price-to-earnings ratio of 20.77. The stock has a 50-day moving average price of $102.48 and a 200 day moving average price of $97.79. Intact Financial has a 12 month low of $90.00 and a 12 month high of $106.40.
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In other news, insider Jean-François Desautels sold 1,420 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$99.51, for a total value of C$141,304.20.
About Intact Financial
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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