Intact Financial (TSE:IFC) Price Target Raised to C$372.00

Intact Financial (TSE:IFC) had its price target boosted by National Bank Financial from C$364.00 to C$372.00 in a research report released on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also issued reports on the stock. Desjardins dropped their target price on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Jefferies Financial Group dropped their target price on shares of Intact Financial from C$321.00 to C$306.00 in a research report on Thursday, February 12th. Barclays lifted their target price on shares of Intact Financial from C$319.00 to C$322.00 in a research report on Wednesday, April 8th. Raymond James Financial dropped their target price on shares of Intact Financial from C$330.00 to C$310.00 in a research report on Wednesday, February 11th. Finally, TD Securities lifted their target price on shares of Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$319.40.

Intact Financial Trading Down 0.0%

Shares of Intact Financial stock opened at C$261.66 on Wednesday. Intact Financial has a 1 year low of C$242.87 and a 1 year high of C$317.35. The firm has a market cap of C$46.46 billion, a PE ratio of 14.26, a PEG ratio of 2.01 and a beta of 0.34. The company has a debt-to-equity ratio of 25.21, a current ratio of 6.11 and a quick ratio of 0.28. The company has a 50 day simple moving average of C$255.17 and a two-hundred day simple moving average of C$266.00.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. The business had revenue of C$7.10 billion during the quarter. Analysts expect that Intact Financial will post 16.1721014 earnings per share for the current fiscal year.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.