TD Lowers Intact Financial (TSE:IFC) Price Target to C$345.00

Intact Financial (TSE:IFC) had its target price lowered by equities researchers at TD from C$347.00 to C$345.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 19.75% from the stock’s previous close.

A number of other brokerages have also recently issued reports on IFC. Royal Bank Of Canada increased their target price on shares of Intact Financial from C$289.00 to C$299.00 and gave the stock a “sector perform” rating in a research report on Monday, July 13th. Barclays lifted their price objective on Intact Financial from C$322.00 to C$327.00 in a research note on Wednesday, May 6th. Raymond James Financial reduced their target price on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. National Bank Financial lifted their price target on Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce lifted their target price on Intact Financial from C$288.00 to C$314.00 in a research report on Friday, July 10th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Intact Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$329.91.

Intact Financial Stock Performance

IFC traded down C$16.91 on Wednesday, hitting C$288.09. 449,147 shares of the stock traded hands, compared to its average volume of 457,991. The business has a fifty day moving average price of C$285.32 and a two-hundred day moving average price of C$267.49. The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 23.33. Intact Financial has a 52 week low of C$242.87 and a 52 week high of C$310.84. The firm has a market capitalization of C$50.93 billion, a PE ratio of 15.34, a P/E/G ratio of 2.01 and a beta of 0.29.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. The business had revenue of C$5.94 billion for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. On average, research analysts predict that Intact Financial will post 16.1721014 EPS 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.