Intact Financial (TSE:IFC) had its price target hoisted by Royal Bank of Canada from C$115.00 to C$120.00 in a report released on Tuesday, April 9th, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 9.85% from the stock’s current price.
IFC has been the topic of several other reports. BMO Capital Markets lifted their target price on Intact Financial from C$118.00 to C$119.00 and gave the stock an “average” rating in a report on Thursday, February 7th. Keefe, Bruyette & Woods boosted their price target on Intact Financial from C$110.00 to C$112.00 in a report on Friday, February 8th. Raymond James boosted their price target on Intact Financial from C$113.00 to C$117.00 and gave the company an “outperform” rating in a report on Monday, February 4th. National Bank Financial boosted their price target on Intact Financial from C$106.00 to C$109.00 and gave the company a “sector perform” rating in a report on Wednesday, February 6th. Finally, CIBC boosted their price target on Intact Financial from C$115.00 to C$120.00 in a report on Thursday, February 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$115.00.
Shares of TSE IFC traded up C$0.50 during midday trading on Tuesday, hitting C$109.24. The stock had a trading volume of 210,200 shares, compared to its average volume of 252,763. Intact Financial has a fifty-two week low of C$91.65 and a fifty-two week high of C$114.13. The company has a debt-to-equity ratio of 28.28, a quick ratio of 0.24 and a current ratio of 0.31. The stock has a market capitalization of $15.21 billion and a P/E ratio of 22.80.
In related news, Senior Officer Mark Alan Tullis sold 2,000 shares of Intact Financial stock in a transaction dated Friday, February 8th. The stock was sold at an average price of C$113.15, for a total value of C$226,300.00. Following the sale, the insider now owns 38,177 shares of the company’s stock, valued at C$4,319,727.55.
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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