Intact Financial Now Covered by Analysts at UBS AG (IFC)
Analysts at UBS AG started coverage on shares of Intact Financial (TSE:IFC) in a research report issued to clients and investors on Monday, Analyst RN reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on IFC. Analysts at CIBC reiterated a “sector outperform” rating on shares of Intact Financial in a research note to investors on Tuesday, December 17th. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Intact Financial in a research note to investors on Thursday, November 7th. They now have a C$74.00 price target on the stock, up previously from C$72.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Intact Financial from C$73.00 to C$76.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$72.17.
Intact Financial (TSE:IFC) traded up 0.27% on Monday, hitting $69.49. The stock had a trading volume of 294,290 shares. Intact Financial has a 1-year low of $56.44 and a 1-year high of $69.74. The stock has a 50-day moving average of $68.31 and a 200-day moving average of $63.64. The company has a market cap of $9.141 billion and a P/E ratio of 18.43.
Intact Financial Corporation is a provider of home, auto and business insurance. It insures more than five million individuals and businesses through its insurance subsidiaries, and are private sector provider of property and casualty (TSE:IFC) insurance in British Columbia, Alberta, Ontario, Quebec and Nova Scotia.
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