Intact Financial (TSE:IFC - Get Free Report) had its price target cut by investment analysts at Desjardins from C$335.00 to C$305.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' target price points to a potential upside of 15.88% from the company's current price.
IFC has been the subject of a number of other research reports. Jefferies Financial Group raised shares of Intact Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from C$316.00 to C$317.00 in a report on Tuesday. CIBC cut their price target on shares of Intact Financial from C$315.00 to C$288.00 and set a "neutral" rating for the company in a report on Wednesday. Barclays raised shares of Intact Financial to a "strong-buy" rating in a report on Tuesday, September 30th. BMO Capital Markets upped their price target on shares of Intact Financial from C$330.00 to C$335.00 in a report on Friday, July 11th. Finally, Scotiabank cut their target price on shares of Intact Financial from C$339.00 to C$318.00 and set an "outperform" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$320.30.
Check Out Our Latest Analysis on IFC
Intact Financial Stock Performance
Shares of Intact Financial stock traded down C$1.90 on Friday, reaching C$263.20. 89,550 shares of the stock were exchanged, compared to its average volume of 325,781. The firm's 50 day moving average is C$270.68 and its 200-day moving average is C$290.01. Intact Financial has a one year low of C$250.28 and a one year high of C$317.35. The firm has a market cap of C$46.94 billion, a PE ratio of 20.20, a P/E/G ratio of 2.01 and a beta of 0.14.
Intact Financial Company Profile
(
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Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space.
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