TD Securities Increases Intact Financial (TSE:IFC) Price Target to C$155.00

Intact Financial (TSE:IFC) had its price target raised by TD Securities from C$150.00 to C$155.00 in a research note published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities analysts have also issued reports on IFC. Raymond James set a C$148.00 price objective on Intact Financial and gave the stock an outperform rating in a report on Wednesday, May 6th. Royal Bank of Canada lowered their price target on Intact Financial from C$155.00 to C$151.00 and set an outperform rating on the stock in a report on Thursday, July 9th. National Bank Financial raised their price target on Intact Financial from C$129.00 to C$151.00 and gave the stock an outperform rating in a report on Thursday, May 7th. Scotiabank raised their price target on Intact Financial from C$151.00 to C$155.00 in a report on Thursday, July 23rd. Finally, UBS Group lowered their price target on Intact Financial from C$174.00 to C$170.00 in a report on Monday, May 11th. Five research analysts have rated the stock with a buy rating, Intact Financial currently has an average rating of Buy and a consensus target price of C$154.42.

Shares of IFC stock opened at C$146.24 on Wednesday. The stock’s 50-day moving average is C$133.65 and its two-hundred day moving average is C$136.32. The firm has a market cap of $20.91 billion and a price-to-earnings ratio of 31.31. Intact Financial has a 1 year low of C$104.81 and a 1 year high of C$157.65. The company has a debt-to-equity ratio of 37.27, a quick ratio of 0.27 and a current ratio of 0.38.

Intact Financial (TSE:IFC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.42 by C$0.19. The firm had revenue of C$3.03 billion for the quarter, compared to analysts’ expectations of C$2.67 billion. As a group, research analysts predict that Intact Financial will post 8.520001 EPS for the current year.

In related news, Senior Officer Lucie Martel sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$127.68, for a total value of C$127,683.00. Following the completion of the sale, the insider now owns 5,712 shares in the company, valued at C$729,325.30.

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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