Intact Financial (TSE:IFC) Receives “Outperform” Rating from Raymond James

Intact Financial (TSE:IFC)‘s stock had its “outperform” rating reissued by investment analysts at Raymond James in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a C$146.00 price objective on the stock. Raymond James’ price objective points to a potential upside of 5.60% from the company’s previous close.

IFC has been the subject of several other reports. TD Securities boosted their price target on shares of Intact Financial from C$145.00 to C$150.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets boosted their price target on shares of Intact Financial from C$123.00 to C$134.00 in a research note on Thursday, August 1st. CIBC boosted their price target on shares of Intact Financial from C$138.00 to C$141.00 in a research note on Wednesday. Royal Bank of Canada boosted their price target on shares of Intact Financial from C$135.00 to C$138.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 27th. Finally, National Bank Financial boosted their price target on shares of Intact Financial from C$126.00 to C$135.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$133.00.

Intact Financial stock opened at C$138.26 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.30 and a debt-to-equity ratio of 32.92. The company has a market capitalization of $18.52 billion and a PE ratio of 26.58. The firm has a fifty day simple moving average of C$133.87 and a two-hundred day simple moving average of C$124.49. Intact Financial has a twelve month low of C$95.75 and a twelve month high of C$139.99.

In related news, Senior Officer Mark Alan Tullis sold 2,100 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$126.48, for a total transaction of C$265,608.00. Following the transaction, the insider now owns 44,448 shares in the company, valued at C$5,621,783.04. Also, Senior Officer Martin Beaulieu sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$126.55, for a total transaction of C$506,200.00. Following the transaction, the insider now owns 17,045 shares in the company, valued at approximately C$2,157,044.75.

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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