Raymond James Financial, Inc. Reaffirms Market Perform Rating for Intact Financial Co. (IFC)

Intact Financial Co. (TSE:IFC)‘s stock had its “market perform” rating restated by research analysts at Raymond James Financial, Inc. in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. They currently have a C$98.00 price objective on the stock. Raymond James Financial, Inc.’s price objective indicates a potential upside of 3.41% from the company’s previous close.

Several other brokerages have also issued reports on IFC. Royal Bank of Canada lowered Intact Financial from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$108.00 to C$107.00 in a research note on Monday, January 9th. Scotiabank reiterated an “outperform” rating and issued a C$105.00 price target on shares of Intact Financial in a research note on Thursday, February 16th. Keefe, Bruyette & Woods began coverage on Intact Financial in a research note on Thursday, April 6th. They issued a “market perform” rating and a C$101.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a C$104.00 price target on shares of Intact Financial in a research note on Thursday, April 6th. Finally, TD Securities reiterated a “hold” rating and issued a C$100.00 price target on shares of Intact Financial in a research note on Friday, January 27th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$100.80.

Analyst Recommendations for Intact Financial (TSE:IFC)

Intact Financial (TSE:IFC) traded up 0.02% during mid-day trading on Thursday, hitting $94.77. 120,682 shares of the stock were exchanged. Intact Financial has a one year low of $84.88 and a one year high of $97.56. The company has a market cap of $12.42 billion and a P/E ratio of 23.87. The company has a 50-day moving average price of $94.56 and a 200-day moving average price of $94.12.

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In other Intact Financial news, Director Yves Brouillette sold 12,500 shares of Intact Financial stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of C$94.47, for a total transaction of C$1,180,875.00. Also, insider Mark Alan Tullis sold 1,000 shares of Intact Financial stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of C$94.92, for a total value of C$94,920.00. Insiders have sold a total of 17,238 shares of company stock worth $1,632,517 over the last ninety days.

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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