Intact Financial (IFC) Price Target Lowered to C$107.00 at CIBC

Intact Financial (TSE:IFC) had its price target decreased by analysts at CIBC from C$111.00 to C$107.00 in a report released on Thursday. CIBC’s target price would indicate a potential upside of 8.61% from the company’s current price.

IFC has been the topic of several other reports. National Bank Financial increased their price target on shares of Intact Financial from C$105.00 to C$112.00 and gave the company a “sector perform” rating in a research report on Monday, November 6th. Royal Bank of Canada increased their price target on shares of Intact Financial from C$109.00 to C$110.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 8th. TD Securities increased their price target on shares of Intact Financial from C$110.00 to C$115.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Raymond James Financial upgraded shares of Intact Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$104.00 to C$110.00 in a research report on Thursday, October 19th. Finally, Scotiabank increased their price target on shares of Intact Financial from C$105.00 to C$110.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$107.90.

Shares of Intact Financial (IFC) traded up C$0.01 during trading on Thursday, reaching C$98.52. 300,847 shares of the company’s stock were exchanged, compared to its average volume of 216,365. Intact Financial has a 12 month low of C$91.41 and a 12 month high of C$109.33. The stock has a market capitalization of $13,710.00, a PE ratio of 17.18 and a beta of 0.28.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, November 7th. The company reported C$1.61 EPS for the quarter, beating the consensus estimate of C$1.57 by C$0.04. The business had revenue of C$2.22 billion for the quarter, compared to analyst estimates of C$2.17 billion. Intact Financial had a net margin of 7.86% and a return on equity of 10.89%.

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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.

Analyst Recommendations for Intact Financial (TSE:IFC)

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