Royal Bank Of Canada Raises Intact Financial Co. (IFC) Price Target to C$110.00

Intact Financial Co. (TSE:IFC) had its price target boosted by Royal Bank Of Canada from C$109.00 to C$110.00 in a research report released on Wednesday. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other equities research analysts have also issued reports on the stock. CIBC lowered shares of Intact Financial from an outperform rating to a neutral rating and lifted their target price for the company from C$106.00 to C$113.00 in a research report on Friday, October 27th. Raymond James Financial, Inc. upgraded shares of Intact Financial from a market perform rating to an outperform rating and lifted their target price for the company from C$104.00 to C$110.00 in a research report on Thursday, October 19th. Desjardins lowered shares of Intact Financial from a hold rating to a sell rating and lifted their target price for the company from C$98.00 to C$100.00 in a research report on Monday, October 2nd. Barclays PLC lifted their target price on shares of Intact Financial from C$100.00 to C$109.00 in a research report on Friday, October 20th. Finally, TD Securities lifted their target price on shares of Intact Financial from C$105.00 to C$110.00 and gave the company a buy rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of C$108.70.

Shares of Intact Financial (TSE:IFC) opened at C$103.39 on Wednesday. Intact Financial has a 1 year low of C$91.40 and a 1 year high of C$108.00.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Thursday, December 14th. Intact Financial’s dividend payout ratio (DPR) is presently 48.03%.

In other Intact Financial news, insider Jean-François Desautels sold 1,420 shares of Intact Financial stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of C$99.51, for a total transaction of C$141,304.20.

About Intact Financial

Intact Financial Corporation is a holding company, which provides property and casualty (P&C) insurance. The Company operates through P&C insurance operations segment. It offers a range of car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.

Analyst Recommendations for Intact Financial (TSE:IFC)

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