Intact Financial Co. (TSE:IFC) had its target price reduced by Scotiabank from C$107.00 to C$105.00 in a research note issued to investors on Friday, May 12th. Scotiabank currently has an outperform rating on the stock.
Several other research analysts also recently commented on IFC. National Bank Financial dropped their target price on shares of Intact Financial from C$105.00 to C$98.00 and set a sector perform rating on the stock in a report on Monday, January 16th. TD Securities reiterated a hold rating and issued a C$100.00 target price on shares of Intact Financial in a report on Friday, January 27th. Desjardins boosted their price objective on shares of Intact Financial from C$94.00 to C$96.00 and gave the stock a hold rating in a report on Wednesday, February 1st. Raymond James Financial, Inc. set a C$98.00 price objective on shares of Intact Financial and gave the stock a market perform rating in a report on Wednesday, February 8th. Finally, Barclays PLC boosted their price objective on shares of Intact Financial from C$97.00 to C$100.00 and gave the stock an overweight rating in a report on Thursday, February 9th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Intact Financial has a consensus rating of Hold and an average price target of C$100.80.
Intact Financial (TSE:IFC) traded up 0.56% on Friday, reaching $93.11. The company had a trading volume of 278,128 shares. The firm has a market capitalization of $12.20 billion and a price-to-earnings ratio of 23.70. Intact Financial has a 52-week low of $87.09 and a 52-week high of $97.56. The stock’s 50-day moving average price is $93.17 and its 200 day moving average price is $94.27.
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In other Intact Financial news, insider Lucie Martel purchased 3,215 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average cost of C$93.42 per share, with a total value of C$300,345.30.
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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