Intact Financial (TSE:IFC) Stock Rating Reaffirmed by National Bank Financial
National Bank Financial restated their sector perform rating on shares of Intact Financial (TSE:IFC) in a research report report published on Friday morning, BayStreet.CA reports. National Bank Financial currently has a C$121.00 price objective on the stock.
IFC has been the topic of several other reports. UBS Group increased their target price on Intact Financial from C$122.00 to C$133.00 in a research report on Tuesday, June 18th. Desjardins increased their price target on Intact Financial from C$111.00 to C$112.00 in a report on Thursday, May 9th. CIBC increased their price target on Intact Financial from C$120.00 to C$134.00 and gave the company a neutral rating in a report on Friday, July 19th. Royal Bank of Canada downgraded Intact Financial from an outperform rating to a sector perform rating and increased their price target for the company from C$122.00 to C$135.00 in a report on Monday, July 22nd. Finally, BMO Capital Markets increased their price target on Intact Financial from C$123.00 to C$134.00 in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Intact Financial presently has an average rating of Hold and a consensus price target of C$128.27.
Shares of IFC opened at C$124.52 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.23 and a debt-to-equity ratio of 32.92. The firm has a market capitalization of $17.48 billion and a P/E ratio of 23.94. The stock’s fifty day simple moving average is C$124.45 and its 200 day simple moving average is C$115.75. Intact Financial has a twelve month low of C$95.75 and a twelve month high of C$127.27.
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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