Equities researchers at National Bank Financial reduced their price objective on shares of Intact Financial (TSE:IFC) from C$72.00 to C$71.00 in a research report issued on Thursday, AnalystRatings.Net reports. National Bank Financial’s price target points to a potential upside of 21.97% from the stock’s previous close.
Shares of Intact Financial (TSE: IFC) opened at 58.20 on Thursday. Intact Financial has a one year low of $56.44 and a one year high of $66.82. The stock’s 50-day moving average is currently $60.07. The company has a market cap of $7.760 billion and a P/E ratio of 13.81.
A number of other analysts have also recently weighed in on IFC. Analysts at Scotiabank cut their price target on shares of Intact Financial from C$75.00 to C$74.00 in a research note to investors on Wednesday, July 10th. They now have a “sector outperform” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Intact Financial from C$73.00 to C$66.00 in a research note to investors on Thursday, May 9th.
One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$71.50.
Intact Financial Corporation is a provider of home, auto and business insurance. It insures more than five million individuals and businesses through its insurance subsidiaries, and are private sector provider of property and casualty (TSE: IFC) insurance in British Columbia, Alberta, Ontario, Quebec and Nova Scotia.