TD Securities Boosts Intact Financial Co. (IFC) Price Target to C$110.00
Intact Financial Co. (TSE:IFC) had its price objective increased by equities researchers at TD Securities from C$105.00 to C$110.00 in a note issued to investors on Thursday. TD Securities’ price target suggests a potential upside of 6.82% from the company’s current price.
A number of other research firms have also commented on IFC. BMO Capital Markets set a C$110.00 price objective on shares of Intact Financial and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Raymond James Financial, Inc. raised their price objective on shares of Intact Financial from C$102.00 to C$104.00 and gave the company a “market perform” rating in a research note on Thursday, August 3rd. Desjardins lowered shares of Intact Financial from a “hold” rating to a “sell” rating and raised their price objective for the company from C$98.00 to C$100.00 in a research note on Monday, October 2nd. Finally, Scotiabank reiterated an “outperform” rating and set a C$105.00 price objective on shares of Intact Financial in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of C$103.70.
Shares of Intact Financial (IFC) remained flat at $102.98 during midday trading on Thursday. The company had a trading volume of 212,227 shares. The firm’s 50 day moving average is $101.71 and its 200 day moving average is $96.91. Intact Financial has a 52-week low of $90.00 and a 52-week high of $104.33. The stock has a market capitalization of $13.49 billion and a P/E ratio of 20.26.
In related news, insider Jean-François Desautels sold 1,420 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of C$99.51, for a total transaction of C$141,304.20.
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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