Intact Financial Co. (IFC) Price Target Cut to C$97.00

Intact Financial Co. (TSE:IFC) had its target price decreased by equities research analysts at TD Securities from C$105.00 to C$97.00 in a note issued to investors on Friday, May 12th. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 3.39% from the stock’s current price.

Other analysts have also issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating and set a C$104.00 target price on shares of Intact Financial in a report on Thursday, April 6th. Royal Bank Of Canada lowered their price objective on shares of Intact Financial from C$107.00 to C$103.00 and set a “sector perform” rating for the company in a report on Thursday, February 9th. Barclays PLC reaffirmed an “overweight” rating and set a C$100.00 target price on shares of Intact Financial in a research note on Thursday, May 11th. Keefe, Bruyette & Woods began coverage on shares of Intact Financial in a research note on Thursday, April 6th. They set a “market perform” rating and a C$101.00 target price for the company. Finally, Raymond James Financial, Inc. reissued a “market perform” rating and set a C$98.00 price target on shares of Intact Financial in a research report on Thursday, April 6th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Intact Financial presently has a consensus rating of “Hold” and an average price target of C$100.80.

Analyst Recommendations for Intact Financial (TSE:IFC)

Intact Financial (TSE IFC) traded up 0.76% during midday trading on Friday, reaching $93.82. The company had a trading volume of 300,607 shares. The company’s 50-day moving average is $93.18 and its 200 day moving average is $94.27. Intact Financial has a 52-week low of $87.16 and a 52-week high of $97.56. The company has a market cap of $12.29 billion and a PE ratio of 23.88.

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In other Intact Financial news, insider Lucie Martel bought 3,215 shares of Intact Financial stock in a transaction dated Friday, May 26th. The shares were purchased at an average cost of C$93.42 per share, for a total transaction 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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