Scotiabank Trims Intact Financial Co. (IFC) Target Price to C$107.00

Intact Financial Co. (TSE:IFC) had its price target trimmed by Scotiabank from C$110.00 to C$107.00 in a research note issued to investors on Thursday. The firm currently has a sector perform rating on the stock.

Other analysts have also recently issued reports about the company. Barclays PLC upped their target price on Intact Financial from C$100.00 to C$109.00 in a report on Friday, October 20th. Desjardins increased their price target on Intact Financial from C$96.00 to C$98.00 in a report on Wednesday, August 2nd. TD Securities increased their price target on Intact Financial from C$105.00 to C$110.00 and gave the stock a buy rating in a report on Thursday, October 12th. Raymond James Financial, Inc. increased their price target on Intact Financial from C$102.00 to C$104.00 and gave the stock a market perform rating in a report on Thursday, August 3rd. Finally, CIBC cut Intact Financial from an outperform rating to a neutral rating and increased their price target for the stock from C$106.00 to C$113.00 in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of C$108.70.

Shares of Intact Financial (IFC) opened at C$103.39 on Thursday. Intact Financial has a twelve month low of C$91.40 and a twelve month high of C$108.00.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, December 14th. Intact Financial’s dividend payout ratio is currently 46.13%.

In other news, insider Jean-François Desautels sold 1,420 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$99.51, for a total transaction of C$141,304.20.

About Intact Financial

Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.

Analyst Recommendations for Intact Financial (TSE:IFC)

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