Can analysts adopt a bullish outlook for Intact Financial Corporation (TSE:IFC)?

February 12, 2018 - By Louis Casey

 Can analysts adopt a bullish outlook for Intact Financial Corporation (TSE:IFC)?

Intact Financial Corporation (TSE:IFC) Ratings Coverage

Among 8 analysts covering Intact Financial Corporation (TSE:IFC), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Intact Financial Corporation had 32 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by TD Securities on Friday, April 7 with “Hold”. Scotia Capital maintained Intact Financial Corporation (TSE:IFC) rating on Friday, April 7. Scotia Capital has “Outperform” rating and $105 target. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, December 3 report. The rating was maintained by RBC Capital Markets on Thursday, November 3 with “Outperform”. The rating was upgraded by Raymond James to “Outperform” on Thursday, February 11. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, January 9. Scotia Capital maintained the shares of IFC in report on Thursday, November 3 with “Outperform” rating. As per Friday, July 31, the company rating was downgraded by Cormark Securities. The firm earned “Outperform” rating on Thursday, November 5 by RBC Capital Markets. The stock has “Outperform” rating by Raymond James on Friday, October 20. Below is a list of Intact Financial Corporation (TSE:IFC) latest ratings and price target changes.

27/10/2017 Broker: IBC Old Rating: Outperform New Rating: Neutral Old Target: $106.00 New Target: $113.00 Downgrade
20/10/2017 Broker: Barclays Capital Rating: Old Target: $100.00 New Target: $109.00 Target Up
20/10/2017 Broker: Raymond James Old Rating: Market Perform New Rating: Outperform Old Target: $104.00 New Target: $110.00 Upgrade
13/10/2017 Broker: TD Securities Rating: Buy Old Target: $105.00 New Target: $110.00 Target Up

The stock decreased 0.63% or $0.62 during the last trading session, reaching $97.27. About 142,143 shares traded. Intact Financial Corporation (TSE:IFC) has 0.00% since February 12, 2017 and is . It has underperformed by 16.70% the S&P500.

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada. The company has market cap of $13.54 billion. It primarily underwrites automobile, home, and commercial property and casualty insurance contracts. It has a 16.92 P/E ratio. The firm distributes its services through a network of independent insurance brokers, as well as sells directly to clients through call centers and the Internet.

More notable recent Intact Financial Corporation (TSE:IFC) news were published by: Marketwired.com which released: “Intact Financial Corporation to Acquire US Specialty Insurer OneBeacon …” on May 02, 2017, also Fool.ca with their article: “Why Intact Financial Corporation Is Down Over 2%” published on February 07, 2018, Marketwired.com published: “Intact Financial Corporation Announces $125 Million Preferred Share Offering” on May 12, 2017. More interesting news about Intact Financial Corporation (TSE:IFC) were released by: Seekingalpha.com and their article: “Intact Financial’s (IFCZF) CEO Charles Brindamour on Q4 2017 Results …” published on February 08, 2018 as well as Seekingalpha.com‘s news article titled: “Intact Financial Corporation (IFCZF) CEO Charles Brindamour on Q1 2017 Results …” with publication date: May 03, 2017.

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