Intact Financial (TSE:IFC) Hits New 1-Year Low – What’s Next?

Intact Financial Co. (TSE:IFC) hit a new 52-week low during trading on Thursday. The stock traded as low as C$22.80 and last traded at C$250.69, with a volume of 69980 shares. The stock had previously closed at C$250.76.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. TD decreased their target price on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on shares of Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Jefferies Financial Group upped their price target on Intact Financial from C$343.00 to C$351.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Finally, Scotiabank dropped their price objective on Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating on the stock in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Intact Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$331.09.

Intact Financial Stock Performance

The firm has a market cap of C$44.18 billion, a PE ratio of 13.93, a PEG ratio of 2.01 and a beta of 0.26. The company has a 50-day simple moving average of C$270.44 and a two-hundred day simple moving average of C$268.90. The company has a quick ratio of 0.28, a current ratio of 7.21 and a debt-to-equity ratio of 23.22.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share 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, equities research analysts forecast that Intact Financial Co. will post 16.1721014 earnings per share for the current 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.