Intact Financial (TSE:IFC) Stock Price Expected to Rise, National Bank Financial Analyst Says

Intact Financial (TSE:IFC – Get Free Report) had its price target boosted by equities researchers at National Bank Financial from C$372.00 to C$379.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 27.62% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group upped their price objective on shares of Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. Royal Bank Of Canada lifted their target price on shares of Intact Financial from C$289.00 to C$299.00 and gave the stock a “sector perform” rating in a research note on Monday, July 13th. Desjardins dropped their target price on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Barclays upped their price target on shares of Intact Financial from C$322.00 to C$327.00 in a research note on Wednesday, May 6th. Finally, Raymond James Financial lowered their price objective on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$328.55.

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Intact Financial Stock Up 1.2%

IFC stock traded up C$3.52 on Monday, hitting C$296.98. 118,210 shares of the company’s stock were exchanged, compared to its average volume of 453,882. The firm has a 50 day moving average price of C$283.89 and a two-hundred day moving average price of C$267.17. Intact Financial has a 12-month low of C$242.87 and a 12-month high of C$310.84. The stock has a market cap of C$52.50 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 2.01 and a beta of 0.29. The company has a debt-to-equity ratio of 23.33, a quick ratio of 0.28 and a current ratio of 1.69.

Intact Financial (TSE:IFC – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. The company had revenue of C$5.83 billion during the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. As a group, equities research analysts expect that Intact Financial will post 16.1721014 EPS for the current fiscal year.

About Intact Financial

(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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