Brokerages Set Intact Financial Co. (TSE:IFC) PT at C$318.50

Intact Financial Co. (TSE:IFC) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$318.50.

IFC has been the subject of several analyst reports. TD Securities upped their price objective on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Raymond James Financial reduced their price objective on Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday, February 11th. Barclays upped their price objective on Intact Financial from C$319.00 to C$322.00 in a research note on Wednesday, April 8th. Finally, Jefferies Financial Group reduced their price objective on Intact Financial from C$321.00 to C$306.00 in a research note on Thursday, February 12th.

Intact Financial Stock Up 0.8%

IFC opened at C$253.83 on Friday. The business’s 50-day simple moving average is C$255.94 and its 200-day simple moving average is C$266.75. The company has a debt-to-equity ratio of 25.21, a quick ratio of 0.28 and a current ratio of 6.11. Intact Financial has a one year low of C$242.87 and a one year high of C$317.35. The stock has a market capitalization of C$45.07 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 2.01 and a beta of 0.34.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, February 10th. The company reported C$5.40 EPS for the quarter. The business had revenue of C$7.10 billion for the quarter. Intact Financial had a return on equity of 17.09% and a net margin of 12.91%. Analysts anticipate that Intact Financial will post 16.1721014 EPS for the current year.

About Intact Financial

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.