Intact Financial (IFC) PT Raised to C$117.00

Intact Financial (TSE:IFC) had its price target lifted by Raymond James from C$113.00 to C$117.00 in a report issued on Monday, February 4th. They currently have an outperform rating on the stock.

A number of other research analysts also recently weighed in on the company. TD Securities lifted their price target on Intact Financial from C$115.00 to C$120.00 and gave the company a buy rating in a report on Wednesday, November 7th. National Bank Financial boosted their target price on Intact Financial from C$103.00 to C$106.00 and gave the company a sector perform rating in a research note on Wednesday, November 7th. Royal Bank of Canada boosted their target price on Intact Financial from C$115.00 to C$117.00 and gave the company an outperform rating in a research note on Wednesday, November 7th. CIBC boosted their target price on Intact Financial from C$110.00 to C$115.00 in a research note on Wednesday, November 7th. Finally, Desjardins boosted their target price on Intact Financial from C$102.00 to C$104.00 in a research note on Wednesday, January 23rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of C$114.36.

Shares of IFC traded down C$0.42 during midday trading on Monday, reaching C$109.58. The stock had a trading volume of 217,200 shares, compared to its average volume of 262,286. The company has a market capitalization of $15.25 billion and a PE ratio of 22.87. The company has a debt-to-equity ratio of 28.28, a quick ratio of 0.24 and a current ratio of 0.31. Intact Financial has a 52 week low of C$91.65 and a 52 week high of C$113.40.

In other news, Senior Officer Mark Alan Tullis sold 2,000 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of C$113.15, for a total value of C$226,300.00. Following the completion of the transaction, the insider now directly owns 38,177 shares of the company’s stock, valued at approximately C$4,319,727.55.

Intact Financial Company Profile

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.

See Also: Key terms to understand channel trading

Analyst Recommendations for Intact Financial (TSE:IFC)

Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply