Intact Financial Co. (IFC) Price Target Lowered to C$98.00 at National Bank Financial
Intact Financial Co. (TSE:IFC) had its target price cut by investment analysts at National Bank Financial from C$99.00 to C$98.00 in a research report issued to clients and investors on Tuesday, StockTargetPrices.com reports. National Bank Financial’s price target would indicate a potential upside of 5.03% from the company’s current price.
Several other research analysts also recently commented on IFC. TD Securities raised their price target on shares of Intact Financial from C$94.00 to C$98.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Raymond James Financial Inc. downgraded shares of Intact Financial from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$96.00 to C$97.00 in a research note on Thursday, July 28th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$103.00 price target on shares of Intact Financial in a research note on Thursday, July 28th. Desjardins increased their target price on shares of Intact Financial from C$90.00 to C$94.00 in a report on Thursday, July 28th. Finally, Scotiabank reiterated an “outperform” rating and set a C$100.00 target price on shares of Intact Financial in a report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$96.22.
Shares of Intact Financial (TSE:IFC) traded down 0.28% on Tuesday, reaching $93.05. 21,338 shares of the company’s stock traded hands. Intact Financial has a 12-month low of $77.49 and a 12-month high of $97.20. The company has a market cap of $12.21 billion and a PE ratio of 22.12. The stock has a 50-day moving average price of $94.32 and a 200-day moving average price of $91.95.
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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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