Is Intact Financial Corporation’s Fuel Running Low? The Stock Just Declined Again

 Is Intact Financial Corporation's Fuel Running Low? The Stock Just Declined Again

The stock of Intact Financial Corporation (TSE:IFC) is a huge mover today! About 27,411 shares traded hands. Intact Financial Corporation (TSE:IFC) has risen 2.10% since April 20, 2016 and is uptrending. It has underperformed by 3.31% the S&P500.
The move comes after 8 months negative chart setup for the $12.17 billion company. It was reported on Nov, 24 by Barchart.com. We have $87.43 PT which if reached, will make TSE:IFC worth $730.20M less.

Intact Financial Corporation (TSE:IFC) Ratings Coverage

Out of 5 analysts covering Intact Financial Corporation (TSE:IFC), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Intact Financial Corporation has been the topic of 18 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded the shares of IFC in a report on Thursday, November 5 to “Outperform” rating. The firm earned “Market Perform” rating on Friday, July 31 by Cormark Securities. The firm has “Outperform” rating given on Thursday, December 3 by RBC Capital Markets. Scotia Capital maintained it with “Outperform” rating and $102 target price in Thursday, November 3 report. The rating was upgraded by Raymond James on Thursday, February 11 to “Outperform”. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, November 3 report. On Wednesday, July 22 the stock rating was maintained by Scotia Capital with “Sector Outperform”.

More recent Intact Financial Corporation (TSE:IFC) news were published by: Reuters.com which released: “BRIEF-Intact Financial Corporation announces executive committee changes” on November 14, 2016. Also Fool.ca published the news titled: “Intact Financial Corporation Is the Perfect Blend of Growth and Income” on January 13, 2016. Fool.ca‘s news article titled: “Intact Financial Corporation: A Reliable Company in an Unreliable Market” with publication date: January 14, 2016 was also an interesting one.

Intact Financial Corp is a Canada-based holding company, which provides property and casualty insurance. The company has a market cap of $12.17 billion. The Firm operates through P&C insurance activities segment. It has a 22.34 P/E ratio. It offers car, home and business insurance products, including personal auto, personal property, commercial P&C and commercial auto.

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