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Intact Financial Preferred 5.3% Perpetual (IFC.PR.F-T)
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Technical Analysis
This summary was created by AI, based on 4 opinions in the last 12 months.
Experts are bullish on Intact Financial preferred shares, with the parent company showing strong growth in cash reserves and retiring debt. The preferred shares are currently trading below their par value, providing an upside potential of around 19%. The stock offers a high yield of 6.0%-6.3% and recommendations to set stop-loss at $17-$19.
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With the Canadian Central Bank hinting that further interest rate increase are unlikely going forward as inflation abates, we again reiterate IFC.PR.F as a TOP PICK. The parent company, IFC, trades at 14x forward earnings and 2.6x book value. Cash reserves of the parent are growing, while debt is repaid thanks to the issuance of further shares. We recommend trailing up the stop (from $17) to $19, looking to achieve $25 -- upside potential of 19%. Yield 6.0%
We reiterate IFC.PR.F as a TOP PICK. The parent company, IFC, is a diversified insurance provider that trades at 15x earnings and 14% ROE. The company has been managing cash reserves to retire debt and buy back shares. The preferred shares -- with a high credit rating (Pfd-2) -- have declined below their $25 par value, due to rising interest rates. This affords upside opportunity over 18%. We continue to recommend a stop at $17. Yield 6.3%
The parent company, IFC, is a diversified insurance provider that trades at 15x earnings and 14% ROE. The company has been managing cash reserves to retire debt and buy back shares. The preferred shares -- with a high credit rating (Pfd-2) -- have declined below their $25 par value, due to rising interest rates. This affords upside opportunity of 19%. We recommend placing a stop-loss at $17. Yield 6.3%
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Intact Financial Preferred 5.3% Perpetual(IFC.PR.F-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Intact Financial Preferred 5.3% Perpetual(IFC.PR.F-T) Frequently Asked Questions
What is Intact Financial Preferred 5.3% Perpetual stock symbol?
Intact Financial Preferred 5.3% Perpetual is a OTC stock, trading under the symbol IFC.PR.F-T on the (). It is usually referred to as or IFC.PR.F-T
Is Intact Financial Preferred 5.3% Perpetual a buy or a sell?
In the last year, there was no coverage of Intact Financial Preferred 5.3% Perpetual published on Stockchase.
Is Intact Financial Preferred 5.3% Perpetual a good investment or a top pick?
Intact Financial Preferred 5.3% Perpetual was recommended as a Top Pick by on . Read the latest stock experts ratings for Intact Financial Preferred 5.3% Perpetual.
Why is Intact Financial Preferred 5.3% Perpetual stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Intact Financial Preferred 5.3% Perpetual worth watching?
0 stock analysts on Stockchase covered Intact Financial Preferred 5.3% Perpetual In the last year. It is a trending stock that is worth watching.
What is Intact Financial Preferred 5.3% Perpetual stock price?
On , Intact Financial Preferred 5.3% Perpetual (IFC.PR.F-T) stock closed at a price of $.
We again reiterate IFC.PR.F as a TOP PICK. The parent, Intact Financial, is growing cash reserves while retiring debt and it trades at 15x forward earnings. We recommend setting at stop at $19, looking to achieve its par value of $25 -- upside potential of 19%. Yield 6.0%