Intact Financial Co. (TSE:IFC) Stock Has Average Price Target of C$323.08

Intact Financial Co. (TSE:IFC) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$323.85.

Several equities research analysts recently issued reports on the company. Raymond James Financial decreased their price target on Intact Financial from C$335.00 to C$305.00 and set an “outperform” rating for the company in a report on Friday, October 16th. RBC Dominion Securities dropped their price objective on Intact Financial from C$308.00 to C$285.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Jefferies Financial Group lifted their price objective on shares of Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Scotiabank reduced their target price on shares of Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada increased their target price on shares of Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th.

Intact Financial Stock Performance

Shares of IFC opened at C$262.73 on Wednesday. The firm has a market capitalization of C$46.33 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.01 and a beta of 0.45. Intact Financial has a 52 week low of C$236.92 and a 52 week high of C$305.52. The stock has a 50 day moving average price of C$256.54 and a two-hundred day moving average price of C$265.02. The company has a debt-to-equity ratio of 23.22, a quick ratio of 0.28 and a current ratio of 7.21.

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.