Intact Financial (IFC) PT Raised to C$106.00 at National Bank Financial

Intact Financial (TSE:IFC) had its price target boosted by equities researchers at National Bank Financial from C$103.00 to C$106.00 in a research note issued on Wednesday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 1.72% from the stock’s previous close.

IFC has been the subject of several other research reports. Keefe, Bruyette & Woods raised their target price on Intact Financial from C$105.00 to C$110.00 in a research report on Friday, August 3rd. CIBC raised their target price on Intact Financial from C$103.00 to C$110.00 in a research report on Thursday, August 2nd. Raymond James raised their target price on Intact Financial from C$109.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. TD Securities raised their target price on Intact Financial from C$110.00 to C$115.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Finally, Desjardins raised Intact Financial from a “sell” rating to a “hold” rating and raised their target price for the stock from C$100.00 to C$102.00 in a research report on Wednesday, August 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$111.40.

Shares of Intact Financial stock traded down C$0.65 during midday trading on Wednesday, hitting C$104.21. The company’s stock had a trading volume of 181,286 shares, compared to its average volume of 226,955. Intact Financial has a 1-year low of C$91.65 and a 1-year high of C$109.33.

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 transaction of C$150,350.20. Over the last quarter, insiders have sold 1,630 shares of company stock valued at $170,954.

Intact Financial Company Profile

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.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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