Intact Financial (IFC) Price Target Increased to C$120.00 by Analysts at CIBC

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Intact Financial (TSE:IFC) had its target price boosted by analysts at CIBC from C$115.00 to C$120.00 in a research note issued to investors on Thursday. CIBC’s price objective would indicate a potential upside of 7.70% from the stock’s previous close.

A number of other analysts have also commented on IFC. Raymond James lifted their price target on shares of Intact Financial from C$109.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. TD Securities lifted their price target on shares of Intact Financial from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, November 7th. National Bank Financial lifted their price target on shares of Intact Financial from C$103.00 to C$106.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 7th. Royal Bank of Canada lifted their price target on shares of Intact Financial from C$115.00 to C$117.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 7th. Finally, Desjardins lifted their price target on shares of Intact Financial from C$102.00 to C$104.00 in a research note on Wednesday, January 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of C$113.73.

Shares of IFC stock opened at C$111.42 on Thursday. Intact Financial has a 52 week low of C$91.65 and a 52 week high of C$113.40. The company has a market capitalization of $15.09 billion and a PE ratio of 23.64. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.31 and a quick ratio of 0.25.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, November 6th. The company reported C$1.62 EPS for the quarter, topping analysts’ consensus estimates of C$1.59 by C$0.03. The company had revenue of C$2.68 billion during the quarter, compared to the consensus estimate of C$2.55 billion. Equities research analysts anticipate that Intact Financial will post 7.36000050927835 EPS for the current fiscal year.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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