Shares of Intact Financial Corporation (IFC – Research Report) were revisited by a Wall Street analyst yesterday. The Financial company, Intact Financial Corporation (TSX: IFC) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.4% and a 43.8% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Toronto Dominion Bank, and Canadian Western Bank.
Currently, the analyst consensus on Intact Financial Corporation is a Strong Buy with an average price target of C$223.75.
Intact Financial Corporation’s market cap is currently C$34.63B and has a P/E ratio of 15.22.
Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly owned subsidiary, BrokerLink, and directly to consumers through belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.
The company’s shares closed last Monday at C$197.58.
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