A Wall Street analyst has provided a rating update for the Financial sector company today, while remaining neutral on the stock. Analyst Douglas Young from Desjardins remains neutral on Intact Financial Corporation (IFC) and has a C$111 price target.
According to TipRanks.com, Young is a 4-star analyst with an average return of 6.7% and a 71.6% success rate. Young covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.
Intact Financial Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$114.86, a 3.6% upside from current levels. In a report issued on February 6, National Bank also reiterated a Hold rating on the stock with a C$109 price target.
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The company has a one-year high of C$113.40 and a one-year low of C$91.65. Currently, Intact Financial Corporation has an average volume of 246.1K.
Intact Financial Corp. engages in providing property and casualty insurance in Canada and specialty insurance in North America. It operates through the following two business segments: Canada Insurance, U.S. Insurance, and Corporate and Other.
The company’s shares closed on Thursday at C$110.83, close to its 52-week high of C$113.40.
