In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Intact Financial Corporation (IFC). Analyst Geoffrey Kwan from RBC Capital rated Intact Financial Corporation (IFC) a Buy today, setting a C$120 price target.
According to TipRanks.com, Kwan is a 3-star analyst with an average return of 3.2% and a 49.4% success rate. Kwan covers the Financial sector, focusing on stocks such as Element Financial, IGM Financial, and Sprott Inc.
Currently, the analyst consensus on Intact Financial Corporation is a Moderate Buy with an average price target of C$116, implying a 5.3% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$119 price target.
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Intact Financial Corporation’s market cap is currently C$15.69B and has a P/E ratio of 23.6. The company has a Price to Book ratio of 2.31.
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 Tuesday at C$110.13.
