TD Securities Reiterates C$100.00 Price Target for Intact Financial Co. (IFC)

TD Securities Reiterates C$100.00 Price Target for Intact Financial Co. (IFC)

Intact Financial Co. (TSE:IFC) has been assigned a C$100.00 price objective by TD Securities in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target indicates a potential upside of 5.20% from the stock’s previous close.

A number of other research analysts also recently commented on IFC. Scotiabank reaffirmed an “outperform” rating and set a C$100.00 price objective on shares of Intact Financial in a research note on Wednesday, October 5th. National Bank Financial dropped their price objective on shares of Intact Financial from C$99.00 to C$98.00 in a research note on Tuesday, October 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$108.00 price objective on shares of Intact Financial in a research note on Thursday, November 3rd. Finally, RBC Capital Markets downgraded shares of Intact Financial from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$108.00 to C$107.00 in a research note on Monday, January 9th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$100.67.

Shares of Intact Financial (TSE:IFC) traded up 0.56% during mid-day trading on Friday, reaching $95.59. 91,490 shares of the company traded hands. The company has a market capitalization of $12.53 billion and a P/E ratio of 22.96. Intact Financial has a 52-week low of $77.49 and a 52-week high of $97.47. The firm’s 50 day moving average price is $94.62 and its 200-day moving average price is $93.51.

Intact Financial Company Profile

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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