BMO Capital Markets Boosts Intact Financial (TSE:IFC) Price Target to C$320.00

Intact Financial (TSE:IFC) had its target price raised by investment analysts at BMO Capital Markets from C$315.00 to C$320.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 14.22% from the company’s current price.

Other equities research analysts have also issued reports about the stock. CIBC lowered their price target on shares of Intact Financial from C$315.00 to C$288.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Barclays boosted their price objective on Intact Financial from C$312.00 to C$318.00 in a report on Wednesday. Jefferies Financial Group raised their target price on Intact Financial from C$317.00 to C$320.00 in a report on Thursday. Royal Bank Of Canada reduced their price target on Intact Financial from C$324.00 to C$304.00 in a research report on Thursday. Finally, Scotiabank decreased their price target on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Intact Financial has an average rating of “Moderate Buy” and a consensus price target of C$317.91.

Intact Financial Trading Up 4.5%

Shares of TSE IFC opened at C$280.17 on Thursday. The company has a 50 day simple moving average of C$267.94 and a two-hundred day simple moving average of C$288.49. The stock has a market cap of C$49.97 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.01 and a beta of 0.10. Intact Financial has a 12 month low of C$250.28 and a 12 month high of C$317.35.

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.