Trade Report: The Scotiabank Reaffirms Outperform Rating for Intact Financial Co. (IFC)

The Scotiabank Reaffirms Outperform Rating for Intact Financial Co. (IFC)

Intact Financial Co. (TSE:IFC)‘s stock had its “outperform” rating reiterated by stock analysts at Scotiabank in a research report issued on Wednesday, StockTargetPrices.com reports. They presently have a C$100.00 price target on the stock. Scotiabank’s price objective points to a potential upside of 5.88% from the company’s previous close.

IFC has been the topic of a number of other research reports. TD Securities restated a “hold” rating and issued a C$94.00 target price on shares of Intact Financial in a report on Monday, July 18th. BMO Capital Markets restated an “outperform” rating and issued a C$103.00 target price on shares of Intact Financial in a report on Thursday, July 28th. CIBC lowered their target price on shares of Intact Financial from C$109.00 to C$98.00 in a report on Thursday, July 28th. Raymond James Financial Inc. lowered shares of Intact Financial from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$96.00 to C$97.00 in a report on Thursday, July 28th. Finally, Desjardins upped their target price on shares of Intact Financial from C$90.00 to C$94.00 in a report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Intact Financial currently has an average rating of “Buy” and an average price target of C$96.00.

Shares of Intact Financial (TSE:IFC) traded down 0.87% during midday trading on Wednesday, hitting $93.63. The stock had a trading volume of 77,065 shares. The company has a market cap of $12.28 billion and a price-to-earnings ratio of 22.26. The stock’s 50-day moving average price is $94.13 and its 200 day moving average price is $91.75. Intact Financial has a 52 week low of $77.49 and a 52 week high of $97.20.

10/05/scotiabank-reaffirms-outperform-rating-for-intact-financial-co-ifc.html

Intact Financial Company Profile

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