Shares of Intact Financial Co. (TSE:IFC – Get Free Report) have been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$331.09.
A number of research firms recently commented on IFC. Royal Bank Of Canada boosted their target price on Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Jefferies Financial Group lifted their price objective on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Scotiabank decreased their price objective on Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered their target price on Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Finally, Barclays cut their target price on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th.
Check Out Our Latest Stock Report on Intact Financial
Intact Financial Trading Up 0.9%
Intact Financial (TSE:IFC – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. The company had revenue of C$5.94 billion for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. On average, equities analysts predict that Intact Financial will post 16.1721014 earnings per share for the current fiscal year.
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. 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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