Intact Financial (IFC) PT Raised to C$115.00

Intact Financial (TSE:IFC) had its price objective hoisted by investment analysts at CIBC from C$110.00 to C$115.00 in a research note issued on Wednesday. CIBC’s price target would indicate a potential upside of 10.58% from the stock’s previous close.

IFC has been the subject of a number of other reports. National Bank Financial increased their price objective on shares of Intact Financial from C$100.00 to C$103.00 and gave the company a “sector perform” rating in a report on Wednesday, August 1st. Desjardins raised shares of Intact Financial from a “sell” rating to a “hold” rating and increased their price objective for the company from C$100.00 to C$102.00 in a report on Wednesday, August 1st. Barclays cut their price objective on shares of Intact Financial from C$110.00 to C$106.00 in a report on Friday, July 20th. TD Securities increased their price objective on shares of Intact Financial from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Intact Financial from C$105.00 to C$110.00 in a report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$111.40.

Shares of IFC opened at C$104.00 on Wednesday. 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 firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of C$105.14, for a total value of C$150,350.20. Over the last three months, 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.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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