Intact Financial (TSE:IFC) Price Target Raised to C$299.00

Intact Financial (TSE:IFC – Get Free Report) had its target price upped by research analysts at Royal Bank Of Canada from C$289.00 to C$299.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 0.54% from the stock’s current price.

Several other analysts have also recently issued reports on IFC. Desjardins lowered their price objective on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a research note on Monday, April 27th. TD cut their target price on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Jefferies Financial Group increased their target price on Intact Financial from C$306.00 to C$324.00 in a research report on Monday, May 4th. Barclays lifted their target price on Intact Financial from C$322.00 to C$327.00 in a report on Wednesday, May 6th. Finally, National Bank Financial boosted their price target on Intact Financial from C$364.00 to C$372.00 in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$325.45.

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Intact Financial Trading Up 0.9%

Shares of IFC traded up C$2.78 during mid-day trading on Monday, hitting C$297.39. The company had a trading volume of 101,543 shares, compared to its average volume of 466,004. The business’s 50-day simple moving average is C$276.26 and its 200-day simple moving average is C$266.56. The company has a quick ratio of 0.28, a current ratio of 1.69 and a debt-to-equity ratio of 23.33. Intact Financial has a 1-year low of C$242.87 and a 1-year high of C$310.84. The stock has a market cap of C$52.58 billion, a PE ratio of 15.84, a P/E/G ratio of 2.01 and a beta of 0.29.

Intact Financial (TSE:IFC – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. The firm had revenue of C$5.83 billion during the quarter. Sell-side analysts forecast that Intact Financial will post 16.1721014 earnings per share for the current year.

Intact Financial Company Profile

(Get Free Report)

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.

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