TD Cuts Intact Financial (TSE:IFC) Price Target to C$345.00

Intact Financial (TSE:IFC – Free Report) had its price objective reduced by TD from C$347.00 to C$345.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on IFC. Royal Bank Of Canada increased their price target on shares of Intact Financial from C$289.00 to C$299.00 and gave the company a “sector perform” rating in a research report on Monday, July 13th. Desjardins dropped 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. Jefferies Financial Group upped their price objective on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. National Bank Financial increased their target price on Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Raymond James Financial decreased their target price on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$331.09.

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Intact Financial Price Performance

Shares of TSE:IFC opened at C$275.25 on Wednesday. The firm’s 50 day moving average is C$285.52 and its two-hundred day moving average is C$267.58. The firm has a market capitalization of C$48.54 billion, a P/E ratio of 15.31, a PEG ratio of 2.01 and a beta of 0.29. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. Intact Financial has a 52 week low of C$242.87 and a 52 week high of C$305.52.

Intact Financial (TSE:IFC – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%.The company had revenue of C$5.94 billion for the quarter. Analysts anticipate that Intact Financial will post 16.1721014 earnings per share for the current year.

Intact Financial Company Profile

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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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