Intact Financial’s Sector Outperform Rating Reaffirmed at Scotiabank (IFC)
Intact Financial (TSE:IFC)‘s stock had its “sector outperform” rating reaffirmed by research analysts at Scotiabank in a report released on Friday, Analyst RN reports.
Intact Financial (TSE:IFC) traded up 0.41% on Friday, hitting $69.23. The stock had a trading volume of 140,258 shares. Intact Financial has a one year low of $56.44 and a one year high of $69.89. The stock’s 50-day moving average is $68.54 and its 200-day moving average is $63.95. The company has a market cap of $9.107 billion and a price-to-earnings ratio of 18.34.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG initiated coverage on shares of Intact Financial in a research note to investors on Monday. They set a “buy” rating on the stock. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Intact Financial in a research note to investors on Tuesday, December 17th. 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$71.80.
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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