Intact Financial Corporation (IFC) Receives a Buy from Raymond James

By Jason Carr

The Financial sector company, Intact Financial Corporation (IFCResearch Report), has received a rating update from a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Brenna Phelan, with a C$119 price target.

Phelan has an average return of 13.2% when recommending Intact Financial Corporation.

According to TipRanks.com, Phelan is ranked #545 out of 5177 analysts.

Intact Financial Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$116, a 5.3% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$120 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.