Intact Financial Co. (IFC) Given Average Recommendation of “Buy” by Analysts

Intact Financial Co. (TSE:IFC) has earned an average recommendation of “Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$106.70.

IFC has been the topic of several recent research reports. CIBC cut their target price on shares of Intact Financial from C$107.00 to C$103.00 in a research report on Thursday, May 10th. Keefe, Bruyette & Woods cut their target price on shares of Intact Financial from C$111.00 to C$108.00 in a research report on Tuesday, March 27th. Scotiabank upgraded shares of Intact Financial from a “sector perform” rating to an “outperform” rating and set a C$108.00 target price on the stock in a research report on Thursday, May 10th. National Bank Financial cut their target price on shares of Intact Financial from C$111.00 to C$100.00 and set a “sector perform” rating on the stock in a research report on Friday, April 27th. Finally, Royal Bank of Canada dropped their price target on shares of Intact Financial from C$112.00 to C$111.00 and set an “outperform” rating on the stock in a research report on Thursday.

In related news, Director Robert Leary bought 2,645 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were bought at an average price of C$96.23 per share, for a total transaction of C$254,528.35. Also, insider Mark Alan Tullis sold 2,000 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of C$95.53, for a total transaction of C$191,060.00.

TSE:IFC traded down C$0.82 during mid-day trading on Friday, hitting C$95.05. 61,334 shares of the company’s stock were exchanged, compared to its average volume of 213,095. Intact Financial has a fifty-two week low of C$92.28 and a fifty-two week high of C$109.33.

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.

Analyst Recommendations for Intact Financial (TSE:IFC)

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