Scotiabank Issues Positive Forecast for Intact Financial (TSE:IFC) Stock Price

Intact Financial (TSE:IFC) had its price objective increased by Scotiabank from C$295.00 to C$298.00 in a report released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

IFC has been the topic of several other research reports. Cibc World Mkts lowered shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. CIBC lifted their price target on shares of Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Desjardins upped their price objective on shares of Intact Financial from C$295.00 to C$315.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. TD Securities lifted their target price on Intact Financial from C$300.00 to C$324.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Raymond James boosted their target price on Intact Financial from C$290.00 to C$302.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$293.36.

Intact Financial Trading Up 0.0 %

Shares of IFC opened at C$298.79 on Thursday. The stock has a market cap of C$53.15 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a 1 year low of C$218.50 and a 1 year high of C$299.75. The stock’s 50-day moving average price is C$285.63 and its two-hundred day moving average price is C$272.26.

Insider Buying and Selling

In other news, Senior Officer Benoit Morissette sold 6,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total value of C$1,722,738.00. 0.24% of the stock is owned by corporate insiders.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space.