Scotiabank Lowers Intact Financial Co. (IFC) Price Target to C$105.00

Intact Financial Co. (TSE:IFC) had its target price cut by Scotiabank from C$107.00 to C$105.00 in a research report report published on Friday, May 12th. They currently have an outperform rating on the stock.

IFC has been the topic of a number of other reports. Royal Bank Of Canada reduced their price objective on Intact Financial from C$107.00 to C$103.00 and set a sector perform rating on the stock in a research note on Thursday, February 9th. BMO Capital Markets increased their target price on shares of Intact Financial from C$103.00 to C$104.00 and gave the stock an outperform rating in a report on Thursday, February 9th. Desjardins raised 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. Barclays PLC raised 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. Finally, Raymond James Financial, Inc. set a C$98.00 target price on shares of Intact Financial and gave the company a market perform rating in a research note on Wednesday, February 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of C$100.80.

Intact Financial (TSE IFC) traded up 0.76% during mid-day trading on Friday, hitting $93.82. The stock had a trading volume of 300,607 shares. The stock’s 50 day moving average price is $93.18 and its 200 day moving average price is $94.27. Intact Financial has a one year low of $87.16 and a one year high of $97.56. The firm has a market capitalization of $12.29 billion and a price-to-earnings ratio of 23.88.

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In related news, insider Lucie Martel acquired 3,215 shares of the 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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