Intact Financial Corporation Declines A lot Today, Is Now One of The Worst Performer

 Intact Financial Corporation Declines A lot Today, Is Now One of The Worst Performer

The stock of Intact Financial Corporation (TSE:IFC) is a huge mover today! About 131,957 shares traded hands. Intact Financial Corporation (TSE:IFC) has risen 5.91% since March 11, 2016 and is uptrending. It has outperformed by 0.43% the S&P500.
The move comes after 5 months negative chart setup for the $12.20 billion company. It was reported on Oct, 18 by Barchart.com. We have $85.29 PT which if reached, will make TSE:IFC worth $976.00M less.

Intact Financial Corporation (TSE:IFC) Ratings Coverage

Out of 6 analysts covering Intact Financial Corporation (TSE:IFC), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $104 is the highest target while $95 is the lowest. The $98.75 average target is 6.51% above today’s ($92.71) stock price. Intact Financial Corporation has been the topic of 13 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Sector Outperform” rating by Scotia Capital given on Wednesday, July 22. RBC Capital Markets upgraded Intact Financial Corporation (TSE:IFC) on Thursday, November 5 to “Outperform” rating. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, December 3. The stock has “Outperform” rating given by Raymond James on Thursday, February 11. Cormark Securities downgraded the shares of IFC in a report on Friday, July 31 to “Market Perform” rating.

More notable recent Intact Financial Corporation (TSE:IFC) news were published by: Finance.Yahoo.com which released: “Intact Financial Corporation’s ridesharing insurance policy gets go-ahead in …” on July 07, 2016, also Fool.ca with their article: “Intact Financial Corporation Is the Perfect Blend of Growth and Income” published on January 13, 2016, Fool.ca published: “Intact Financial Corporation: Now Is a Great Time to Buy This Forever Stock” on February 13, 2015. More interesting news about Intact Financial Corporation (TSE:IFC) were released by: Fool.ca and their article: “Intact Financial Corporation: A Reliable Company in an Unreliable Market” published on January 14, 2016 as well as Businesswire.com‘s news article titled: “Fitch Rates Intact Financial Corp.’s Insurer Financial Strength ‘AA-‘; Outlook …” with publication date: September 09, 2015.

Intact Financial Corp is a Canada-based holding company, which provides property and casualty insurance. The company has a market cap of $12.20 billion. The Firm operates through P&C insurance activities segment. It has a 22.04 P/E ratio. It offers car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.

IFC Company Profile

IMH Financial Corporation (IMHFC), incorporated on December 22, 2009, is a real estate investor and finance firm based in the southwest United States. The Company’s divisions include Hospitality and Entertainment Operations, which consists of two operating hotels in Sedona, Arizona with related spa, and food and beverage operations, and a golf course operation located in Bullhead City, Arizona with related spa, and food and beverage operations; Mortgage and real estate owned (REO)Legacy Portfolio and Other Operations, which consists of activities relating to the collection, workout and sale of new and legacy loans and REO assets, including financing of such asset sales; Commercial Real Estate Leasing Operations, which consists of a commercial medical office building located in Stafford, Texas, and Corporate and Other, which consists of the Company’s centralized general and administrative, corporate treasury and deposit gathering activities, and interest expense associated with debt issuances.

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