Intact Financial Corporation (TSE:IFC) Rating Reaffirmed
In a very recent research note issued to clients and investors on Thursday morning, The “Outperform” rating of Intact Financial Corporation (TSE:IFC) shares was reaffirmed by RBC Capital Markets, who now has a $104.00 TP on the stock. RBC Capital Markets’s TP indicates a possible upside of 15.47% from the stock price of the company.
From a total of 15 analysts covering Intact Financial Corporation (TSE:IFC) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is $78.53 while the lowest target price is $67.31. The mean of all analyst targets is $72.64 with a 9.75% above today’s ($89.98) stock price. Intact Financial Corporation was the topic of 9 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets upgraded shares on November 5 to “Outperform” rating.
Approximately 81,462 shares of stock traded hands. Intact Financial Corporation (TSE:IFC) has declined 2.99% since April 30, 2015 and is downtrending. It has underperformed by 2.70% the S&P500.
Intact Financial Corporation is a Canada holding firm that provides property and casualty insurance. The company has a market cap of $11.84 billion. The Firm insures around five million individuals and businesses through its insurance subsidiaries in British Columbia, Alberta, Ontario, Quebec and Nova Scotia. It has 17.1 P/E ratio. The Firm distributes insurance under the Intact Insurance brand through a network of brokers and its wholly owned subsidiary, BrokerLink.