Brokerages Set Intact Financial Co. (IFC) Price Target at $109.20
Intact Financial Co. (TSE:IFC) has earned an average recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$111.40.
Several research analysts recently weighed in on the company. Raymond James increased their target price on Intact Financial from C$107.00 to C$109.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 1st. Barclays cut their target price on Intact Financial from C$110.00 to C$106.00 in a research report on Friday, July 20th. BMO Capital Markets increased their target price on Intact Financial from C$114.00 to C$117.00 in a research report on Thursday, August 2nd. National Bank Financial increased their target price on Intact Financial from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 1st. Finally, CIBC increased their target price on Intact Financial from C$110.00 to C$115.00 in a research report on Wednesday.
In related news, insider Lucie Martel sold 1,430 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of C$105.14, for a total value of C$150,350.20. Over the last quarter, insiders sold 1,630 shares of company stock valued at $170,954.
About Intact Financial
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.
Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with MarketBeat.com's FREE daily email newsletter.