Intact Financial (IFC) Receives Overweight Rating from Morgan Stanley

Intact Financial (TSE:IFC)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. They currently have a C$125.00 price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 7.89% from the stock’s previous close.

Several other research firms have also issued reports on IFC. Raymond James set a C$119.00 price target on shares of Intact Financial and gave the stock an “outperform” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods lifted their price target on shares of Intact Financial from C$112.00 to C$115.00 in a report on Monday. Cormark set a C$121.00 price target on shares of Intact Financial in a report on Thursday, February 7th. Desjardins lifted their price target on shares of Intact Financial from C$104.00 to C$111.00 in a report on Friday, February 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Intact Financial from C$120.00 to C$122.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Intact Financial presently has an average rating of “Buy” and an average price target of C$118.18.

Shares of IFC stock opened at C$115.86 on Wednesday. The company has a debt-to-equity ratio of 32.96, a quick ratio of 0.21 and a current ratio of 0.28. Intact Financial has a 52-week low of C$91.65 and a 52-week high of C$116.46. The company has a market cap of $16.11 billion and a P/E ratio of 22.40.

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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