Barclays PLC Reiterates “Overweight” Rating for Intact Financial Co. (IFC)

Barclays PLC restated their overweight rating on shares of Intact Financial Co. (TSE:IFC) in a research note issued to investors on Thursday, May 11th. The firm currently has a C$100.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on IFC. National Bank Financial lowered 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 research note on Monday, January 16th. TD Securities reaffirmed a hold rating and set a C$100.00 target price on shares of Intact Financial in a research note on Friday, January 27th. Desjardins lifted their target price on shares of Intact Financial from C$94.00 to C$96.00 and gave the stock a hold rating in a research note on Wednesday, February 1st. Scotiabank lifted their price target on Intact Financial from C$102.00 to C$105.00 and gave the stock an outperform rating in a report on Monday, February 6th. Finally, Raymond James Financial, Inc. set a C$98.00 price target on Intact Financial and gave the stock a market perform rating in a report on Wednesday, February 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of C$100.80.

Shares of Intact Financial (TSE:IFC) opened at 93.82 on Thursday. The firm has a 50-day moving average of $93.18 and a 200 day moving average of $94.27. Intact Financial has a 1-year low of $87.16 and a 1-year high of $97.56. The stock has a market capitalization of $12.29 billion and a PE ratio of 23.88.

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In other news, insider Lucie Martel bought 3,215 shares of the company’s stock in a transaction on Friday, May 26th. The stock was bought at an average cost of C$93.42 per share, with a total value of C$300,345.30.

Intact Financial Company Profile

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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