Intact Financial (TSE:IFC) Price Target Raised to C$283.00 at Scotiabank

by · The Cerbat Gem

Intact Financial (TSE:IFC – Get Free Report) had its price target boosted by analysts at Scotiabank from C$281.00 to C$283.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 6.97% from the stock’s previous close.

Several other equities analysts have also commented on IFC. TD Securities upped their price target on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. Raymond James increased their target price on Intact Financial from C$264.00 to C$290.00 in a research report on Wednesday. Jefferies Financial Group reduced their target price on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a report on Thursday, August 22nd. Cormark upped their price target on Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, National Bankshares lifted their price objective on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$274.90.

View Our Latest Stock Analysis on IFC

Intact Financial Trading Down 0.2 %

Shares of IFC stock traded down C$0.45 during mid-day trading on Thursday, hitting C$264.57. 87,917 shares of the company’s stock were exchanged, compared to its average volume of 286,457. The stock has a market cap of C$47.19 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.01 and a beta of 0.57. The stock has a 50-day simple moving average of C$259.90 and a two-hundred day simple moving average of C$243.33. Intact Financial has a fifty-two week low of C$197.82 and a fifty-two week high of C$273.05. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$253.88, for a total value of C$507,759.00. Company insiders own 0.24% of the company’s stock.

Intact Financial Company Profile

(Get Free Report)

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.

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