Intact Financial Co. (IFC) Price Target Cut to C$98.00
Intact Financial Co. (TSE:IFC) had its target price lowered by equities research analysts at National Bank Financial from C$99.00 to C$98.00 in a report issued on Tuesday, StockTargetPrices.com reports. National Bank Financial’s price objective would indicate a potential upside of 5.03% from the company’s current price.
Several other analysts also recently weighed in on IFC. TD Securities restated a “hold” rating and set a C$94.00 target price on shares of Intact Financial in a research note on Monday, July 18th. Scotiabank decreased their price target on Intact Financial from C$100.00 to C$96.00 and set an “outperform” rating for the company in a research note on Wednesday, July 20th. BMO Capital Markets reiterated an “outperform” rating and issued a C$103.00 price target on shares of Intact Financial in a research note on Thursday, July 28th. CIBC decreased their price target on Intact Financial from C$109.00 to C$98.00 in a research note on Thursday, July 28th. Finally, Desjardins lifted their price target on Intact Financial from C$90.00 to C$94.00 in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$96.22.
Intact Financial (TSE:IFC) traded down 0.25% on Tuesday, reaching $93.08. The company had a trading volume of 20,694 shares. The firm has a 50-day moving average of $94.32 and a 200-day moving average of $91.95. Intact Financial has a 12 month low of $77.49 and a 12 month high of $97.20. The stock has a market capitalization of $12.21 billion and a P/E ratio of 22.13.
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About Intact Financial
Intact Financial Corp is a Canada-based holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.
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