02:05:24 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Intact Financial Corp
Symbol IFC
Shares Issued 178,322,868
Close 2023-11-10 C$ 206.37
Market Cap C$ 36,800,490,269
Recent Sedar Documents

Globe says Intact Financial maintained at "outperform"

2023-11-10 09:21 ET - In the News

The Globe and Mail reports in its Friday edition that BMO Capital analyst Tom MacKinnon has reaffirmed his "outperform" recommendation for Intact Financial. The Globe's David Leeder writes that Mr. MacKinnon jacked his share target ahead by $5 to $230. Analysts on average target the shares at $221.10. Mr. MacKinnon says in a note: "With superior market positioning, strong defensive characteristics, competitive advantage in data analytics, and a management team that continues to deliver, we expect Intact Financial's multiple to increase, especially as it delivers on the RSA acquisition. We see target multiple appreciation as Intact, a proven acquirer, delivers in these favourable P&C markets." The Globe reported on Nov. 12, 2021, that Mr. MacKinnon continued to rate Intact "outperform." The shares could then be had for $168.70. The Globe reported on Sept. 15, 2023, that Desjardins Securities analyst Doug Young had reaffirmed his "buy" recommendation and $225 share target for Intact Financial when it could be had for $199.89. The Globe reported on Nov. 2, 2023, that National Bank analyst Jaeme Gloyn had reaffirmed his "outperform" call and $225 share target for Intact, which was then going for $200.60.

© 2024 Canjex Publishing Ltd. All rights reserved.