Analysts Set Intact Financial Co. (TSE:IFC) PT at C$321.20

Intact Financial Co. (TSE:IFC) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$322.18.

IFC has been the subject of several research reports. TD cut their target price on shares of Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. TD Securities upped their price target 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. Jefferies Financial Group upped their price target on shares of Intact Financial from C$306.00 to C$324.00 in a research report on Monday, May 4th. Royal Bank Of Canada cut their price target on shares of Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, Barclays upped their price target on shares of Intact Financial from C$322.00 to C$327.00 in a research report on Wednesday, May 6th.

Intact Financial Stock Performance

Shares of TSE:IFC opened at C$255.00 on Wednesday. Intact Financial has a 52-week low of C$242.87 and a 52-week high of C$317.35. The firm has a fifty day moving average of C$254.76 and a 200 day moving average of C$265.79. The firm has a market capitalization of C$45.08 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 2.01 and a beta of 0.33.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. The company had revenue of C$5.83 billion during the quarter. On average, sell-side analysts forecast that Intact Financial will post 16.1721014 EPS for the current fiscal year.

About Intact Financial

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.