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Intact Financial Corporation (IFC) Receives a Buy from BMO Capital


In a new note to investors on November 7, an analyst has provided a rating update for Intact Financial Corporation (IFC). Analyst Tom Mackinnon from BMO Capital reiterated a Buy rating, with a C$118 price target on November 7.

Mackinnon has an average return of 4.3% when recommending Intact Financial Corporation.

According to TipRanks.com, Mackinnon is ranked #861 out of 4912 analysts.

Currently, the analyst consensus on Intact Financial Corporation is a Moderate Buy with an average price target of C$110.54, implying a 6.3% upside from current levels. In a report issued on October 26, Raymond James also maintained a Buy rating on the stock with a C$110 price target.

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Intact Financial Corporation’s market cap is currently C$14.48B and has a P/E ratio of 22. The company has a Price to Book ratio of 2.11.

Intact Financial Corp. engages in providing property and casualty insurance in Canada and specialty insurance in North America. It operates through the following business segments: Canada Insurance, U.S. Insurance, and Corporate and Other.

The company’s shares closed on Thursday at C$104.