Intact Financial Co. (TSE:IFC) had its target price hoisted by stock analysts at Scotiabank from C$105.00 to C$110.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 4.31% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Desjardins raised their target price on Intact Financial from C$96.00 to C$98.00 in a research report on Wednesday, August 2nd. Barclays PLC raised their target price on Intact Financial from C$100.00 to C$109.00 in a research report on Friday, October 20th. TD Securities raised their target price on Intact Financial from C$105.00 to C$110.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Raymond James Financial, Inc. raised their target price on Intact Financial from C$102.00 to C$104.00 and gave the company a “market perform” rating in a research report on Thursday, August 3rd. Finally, CIBC lowered Intact Financial from an “outperform” rating to a “neutral” rating and raised their target price for the company from C$106.00 to C$113.00 in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$106.40.
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In other news, insider Jean-François Desautels sold 1,420 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of C$99.51, for a total transaction of C$141,304.20.
About Intact Financial
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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