RBC Capital Reaffirms Their Hold Rating on Intact Financial

By Jason Carr

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Intact Financial (TSX: IFC). RBC Capital’s analyst Geoffrey Kwan reiterates their Hold rating on the shares, with a C$102 price target.

According to TipRanks.com, Kwan is ranked #1573 out of 4600 analysts.

Intact Financial has an analyst consensus of Moderate Buy, with a price target consensus of C$103.93.

The company has a one year high of C$97.56 and a one year low of C$89.75. Currently, Intact Financial has an average volume of 239.1K.

Intact Financial Corp. engages in the provision of insurance, banking, and asset management services. It also involves in distributing insurance under the Intact Insurance brand through a network of brokers, including its subsidiary, BrokerLin. The company was founded on December 10, 2004 and is headquartered in Toronto, Canada.

The company’s shares closed on Wednesday at $96.71, close to its 52-week high of $97.56.