Intact Financial (TSE:IFC) Given “Outperform” Rating at CIBC

Intact Financial (TSE:IFC)‘s stock had its “outperform” rating reiterated by CIBC in a research note issued to investors on Friday, Stock Target Advisor reports. They currently have a C$188.00 price objective on the stock. CIBC’s target price points to a potential upside of 11.46% from the company’s previous close.

A number of other equities analysts also recently commented on IFC. National Bankshares boosted their target price on shares of Intact Financial from C$200.00 to C$205.00 and gave the stock an “outperform” rating in a research note on Monday, May 10th. UBS Group boosted their price target on Intact Financial from C$177.00 to C$178.00 in a research report on Thursday, April 8th. Royal Bank of Canada increased their price objective on Intact Financial from C$183.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Friday, February 12th. BMO Capital Markets upped their price target on Intact Financial from C$185.00 to C$190.00 in a research note on Thursday, May 13th. Finally, TD Securities lifted their price objective on shares of Intact Financial from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Wednesday, May 12th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Intact Financial has an average rating of “Buy” and a consensus target price of C$189.44.

Shares of TSE:IFC traded down C$0.06 during mid-day trading on Friday, reaching C$168.67. 61,397 shares of the company were exchanged, compared to its average volume of 270,427. The company has a debt-to-equity ratio of 36.49, a quick ratio of 0.28 and a current ratio of 0.38. The company has a 50-day moving average price of C$162.43. Intact Financial has a 1 year low of C$126.65 and a 1 year high of C$172.24. The company has a market cap of C$29.70 billion and a price-to-earnings ratio of 16.80.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, May 11th. The company reported C$2.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$2.29 by C$0.11. The business had revenue of C$3.05 billion for the quarter. On average, research analysts predict that Intact Financial will post 10.7144707 earnings per share for the current year.

In other news, Senior Officer Lucie Martel sold 800 shares of the stock in a transaction that occurred on Friday, May 21st. The shares were sold at an average price of C$159.81, for a total value of C$127,848.00. Following the sale, the insider now directly owns 3,147 shares in the company, valued at C$502,922.07.

Intact Financial Company Profile

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; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, such as fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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