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Intact Financial Preferred 5.3% Perpetual (IFC.PR.F.TO)
Financials 
Technical Analysis 
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Premium contentWe 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%
Premium contentThe 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.TO) 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.TO (previously IFC.PR.F-T on Stockchase) on the undefined (undefined). It is usually referred to as or IFC.PR.F.TO
Is Intact Financial Preferred 5.3% Perpetual a buy or a sell?
In the last year, no analyst issued a Buy, Sell, or Hold rating on IFC.PR.F.TO (previously IFC.PR.F-T on Stockchase) on Stockchase. Read the latest expert commentary for Intact Financial Preferred 5.3% Perpetual.
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 The Panic-Proof Portfolio (Stockchase Research) on 2023-06-22. 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 Intact Financial Preferred 5.3% Perpetual.
Is Intact Financial Preferred 5.3% Perpetual worth watching?
Intact Financial Preferred 5.3% Perpetual is covered by Stockchase experts and is worth watching.
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%