Intact Financial (OTCMKTS:IFCZF) Price Target Lowered to C$195.00 at Royal Bank of Canada

Intact Financial (OTCMKTS:IFCZF) had its price target lowered by Royal Bank of Canada from C$197.00 to C$195.00 in a report released on Wednesday, The Fly reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other research firms have also recently commented on IFCZF. National Bank Financial increased their price objective on Intact Financial from C$207.00 to C$212.00 and gave the company an outperform rating in a research report on Thursday, July 29th. BMO Capital Markets increased their price objective on Intact Financial from C$190.00 to C$200.00 and gave the company an outperform rating in a research report on Thursday, July 29th. Desjardins raised their target price on Intact Financial from C$185.00 to C$190.00 and gave the stock a buy rating in a research report on Friday, July 30th. Credit Suisse Group started coverage on Intact Financial in a research report on Tuesday, September 28th. They issued an outperform rating and a $215.00 target price on the stock. Finally, Raymond James raised their target price on Intact Financial from C$180.00 to C$193.00 and gave the stock a strong-buy rating in a research report on Thursday, July 29th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Buy and an average price target of $198.33.

Intact Financial stock opened at $133.71 on Wednesday. Intact Financial has a one year low of $103.32 and a one year high of $142.23. The business’s fifty day moving average is $135.67 and its 200 day moving average is $134.34.

About Intact Financial

Intact Financial Corp. engages in providing property and casualty insurance in Canada and specialty insurance in North America. It operates through the following segments: Canada Insurance, U.S. Insurance and Corporate and Other. The Canada Insurance segment comprises of underwriting of automobile, home, and business insurance contracts to individual and business.

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