Intact Financial Corporation Gets a Hold Rating from KBW

By Austin Angelo

The Financial sector company, Intact Financial Corporation (TSX: IFC), has received a rating update from a Wall Street analyst on December 4. Analyst Meyer Shields from KBW rated Intact Financial Corporation (TSX: IFC) a Hold on on December 4, setting a C$111 price target.

According to TipRanks.com, Shields is a 4-star analyst with an average return of 7.4% and a 72.1% success rate. Shields covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Universal Insurance Holdings Inc, and Infinity Property and Casualty.

Intact Financial Corporation has an analyst consensus of Hold, with a price target consensus of C$110.19.

The company has a one-year high of C$109.17 and a one-year low of C$91.40. Currently, Intact Financial Corporation has an average volume of 251K.

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 C$106.55, close to its 52-week high of C$109.17.