Analyst Rating Coverage:
CIBC World Markets: Outperform with a Target of CAD 225
CIBC World Markets (Rank# 10 of #350) has reiterated its “Outperform” rating on Intact Financial’s stock. Notably, they have set a target price of CAD 225. This reaffirmation of an “Outperform” rating indicates that CIBC World Markets believes Intact Financial is well-positioned to outperform the market in the foreseeable future.
Scotia Capital: Outperform with a Target of CAD 222
Scotia Capital (Analyst Rank #8 of #350) has also maintained an “Outperform” rating for Intact Financial’s stock. They have set a target price of CAD 222. This reaffirmation of an “Outperform” rating aligns with the belief that the company’s shares have the potential to outperform the broader market.
Desjardins Securities: Buy with a Target of CAD 225
Desjardins Securities (Rank#78 of 350) has maintained a “Buy” rating on Intact Financial’s stock and has set a target price of CAD 225. The “Buy” recommendation implies that Desjardins Securities believes that the stock represents an attractive investment opportunity, with the potential for future growth and value appreciation.
IFC:TSX Stock Analysis & Forecast
Average Analyst Target Price
Intact Financial Corporation stock forecast, is from compiled data from 12 different analysts, the average target price for the company’s shares over the next 12 months is estimated to be CAD 219.77. This consensus target price represents the collective projection of where the stock is expected to trade in the near future. It is influenced by a variety of factors, including Intact Financial Corporation’s financial performance, industry trends, and broader economic conditions.
Average Analyst Rating
The average analyst rating for Intact Financial Corporation is “Strong Buy.” Analyst ratings typically range from “Strong Buy” to “Strong Sell,” with “Strong Buy” indicating that analysts believe the stock presents a compelling investment opportunity with significant potential for future growth and performance. This suggests a high degree of confidence in the company’s prospects among expert analysts.
Stock Target Advisor’s Analysis
Stock Target Advisor, an independent stock analysis platform, assesses Intact Financial Corporation’s stock as “Neutral.” This analysis reflects a balanced perspective on the stock’s prospects. Stock Target Advisor’s assessment considers a combination of signals, including both positive and negative factors.
The “Neutral” classification is based on evaluating five positive signals and six negative signals. These signals encompass various factors, such as financial data, market trends, and significant news events that might influence the stock’s performance.
Recent Stock Performance
Intact Financial Corporation’s stock price at the last closing was CAD 195.07. Analyzing its recent performance provides valuable insights into its market dynamics:
- Over the past week, the stock price has shown resilience, with a positive change of +0.84%. This short-term gain suggests that the company has attracted investor interest and performed well in the face of market fluctuations.
- Over the past month, the stock price has declined by -2.58%. This indicates that the stock has faced some headwinds in the medium term, which could be attributed to various factors, including market sentiment and industry-specific challenges.
- Over the last year, the stock has experienced a modest decrease of -4.20%. This long-term performance suggests that Intact Financial Corporation has faced some challenges, but it is still in a relatively stable position.
Interpreting the Analysis and Performance
The “Strong Buy” rating from analysts and the relatively high target price of CAD 219.77 imply a favorable outlook for Intact Financial Corporation’s stock. This indicates a collective belief among experts that the company is well-positioned for future growth and value appreciation.
Intact Financial Corporation’s recent stock performance, while showing some short-term fluctuations and a modest decline over the past year, should be considered in the context of broader market dynamics and industry-specific challenges.
Final Analysis & Outlook
Intact Financial Corporation’s stock forecast, analyst ratings, and recent performance present a nuanced view of a company that appears to have potential for future growth. The “Strong Buy” consensus among analysts signals confidence in the company’s prospects, while the “Neutral” assessment from Stock Target Advisor suggests that there are factors to consider.
