Intact Financial (TSE:IFC) Stock Price Target Cut by Scotia

Intact Financial (TSE:IFC – Get Free Report) had its price objective dropped by equities researchers at Scotia from C$325.00 to C$315.00 in a note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s price target would indicate a potential upside of 30.64% from the stock’s current price.

IFC has been the subject of a number of other reports. Scotiabank lowered their target price on Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 30th. Jefferies Financial Group increased their price objective on shares of Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Royal Bank Of Canada raised their price objective on shares of Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. National Bank Financial increased their price target on shares of Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, TD lowered their price target on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating for the company in a report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$329.75.

Get Our Latest Stock Analysis on IFC

Intact Financial Price Performance

Intact Financial stock traded up C$1.79 during trading hours on Wednesday, hitting C$241.12. 214,209 shares of the stock were exchanged, compared to its average volume of 470,322. The stock has a market capitalization of C$42.52 billion, a P/E ratio of 13.41, a P/E/G ratio of 2.01 and a beta of 0.45. The business’s 50-day moving average is C$263.55 and its two-hundred day moving average is C$268.50. The company has a debt-to-equity ratio of 23.22, a quick ratio of 0.28 and a current ratio of 7.21. Intact Financial has a 12 month low of C$236.92 and a 12 month 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 EPS for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%.The business had revenue of C$5.94 billion for the quarter. Equities research analysts expect that Intact Financial will post 16.1721014 EPS for the current fiscal 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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Analyst Recommendations for Intact Financial (TSE:IFC)

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