RBC Capital Markets Trims Intact Financial Co. (IFC) Target Price to C$103.00

Intact Financial Co. (TSE:IFC) had its price objective reduced by RBC Capital Markets from C$107.00 to C$103.00 in a research note issued to investors on Thursday. They currently have a sector perform rating on the stock.

A number of other brokerages have also recently commented on IFC. Royal Bank Of Canada cut shares of Intact Financial from an outperform rating to a sector perform rating and decreased their target price for the stock from C$108.00 to C$107.00 in a research report on Monday, January 9th. TD Securities restated a hold rating and issued a C$100.00 price objective on shares of Intact Financial in a research report on Friday, January 27th. Desjardins boosted their price objective on shares of Intact Financial from C$94.00 to C$96.00 and gave the company a hold rating in a research report on Wednesday, February 1st. Scotiabank boosted their price objective on shares of Intact Financial from C$102.00 to C$105.00 and gave the company an outperform rating in a research report on Monday, February 6th. Finally, Barclays PLC boosted their price objective on shares of Intact Financial from C$97.00 to C$100.00 and gave the company an overweight rating in a research report on Thursday, February 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Intact Financial presently has a consensus rating of Hold and a consensus target price of C$101.30.

Analyst Recommendations for Intact Financial (TSE:IFC)

Shares of Intact Financial (TSE:IFC) opened at 95.52 on Thursday. The company has a 50 day moving average price of $94.90 and a 200-day moving average price of $93.79. The firm has a market cap of $12.50 billion and a P/E ratio of 24.06. Intact Financial has a 52-week low of $84.02 and a 52-week high of $97.47.

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About Intact Financial

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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