Intact Financial (TSE:IFC) Price Target Raised to C$309.00

Intact Financial (TSE:IFC) had its target price hoisted by TD from C$303.00 to C$309.00 in a research report sent to investors on Wednesday morning,BayStreet reports. The brokerage currently has a buy rating on the stock.

IFC has been the subject of a number of other research reports. National Bank Financial raised their price objective on shares of Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a report on Monday, July 27th. 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. Desjardins set a C$310.00 price objective on shares of Intact Financial and gave the stock a “buy” rating in a research note on Thursday, October 29th. Barclays decreased their price objective on Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Finally, Scotia lowered their target price on Intact Financial from C$325.00 to C$315.00 and set a “sector outperform” rating for the company in a research report on Wednesday, October 7th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$325.00.

Intact Financial Price Performance

IFC stock traded down C$6.27 during trading on Wednesday, reaching C$276.00. 462,681 shares of the company were exchanged, compared to its average volume of 465,688. The company has a 50-day moving average of C$257.32 and a two-hundred day moving average of C$265.20. The company has a market capitalization of C$48.45 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.01 and a beta of 0.47. Intact Financial has a twelve month low of C$236.92 and a twelve month high of C$305.52.

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.