Intact Financial (TSE:IFC) Stock Gets Price Target Cut from RBC Dominion Securities

Intact Financial (TSE:IFC) had its target price decreased by RBC Dominion Securities from C$308.00 to C$285.00 in a research note released on Thursday morning,BayStreet reports. RBC Dominion Securities currently has a sector perform rating on the stock.

A number of other research analysts have also weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered their target price on Intact Financial from C$314.00 to C$311.00 in a report on Thursday, July 30th. TD dropped their price target on Intact Financial from C$345.00 to C$303.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays dropped their price target on Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group increased their price target on Intact Financial from C$343.00 to C$351.00 and gave the company a “buy” rating in a report on Monday, July 27th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and an average target price of C$323.08.

Intact Financial Stock Performance

IFC opened at C$253.45 on Thursday. The firm has a market capitalization of C$44.70 billion, a PE ratio of 14.10, a PEG ratio of 2.01 and a beta of 0.45. Intact Financial has a twelve month low of C$236.92 and a twelve month high of C$305.52. The firm’s 50-day moving average price is C$257.99 and its 200 day moving average price is C$268.08. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. The company had revenue of C$5.94 billion during the quarter. As a group, sell-side analysts expect that Intact Financial will post 16.17 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.