Raymond James Believes Intact Financial Corporation (TSX: IFC) Won’t Stop Here

By Austin Angelo

Intact Financial Corporation (IFCResearch Report), the Financial sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Brenna Phelan from Raymond James remains bullish on the stock and has a C$121 price target.

Phelan has an average return of 10.0% when recommending Intact Financial Corporation.

According to TipRanks.com, Phelan is ranked #403 out of 5185 analysts.

Currently, the analyst consensus on Intact Financial Corporation is a Strong Buy with an average price target of C$117.25.

Intact Financial Corporation’s market cap is currently C$15.46B and has a P/E ratio of 23.2. The company has a Price to Book ratio of 2.28.

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 Wednesday at C$111.04, close to its 52-week high of C$114.13.