Intact Financial Co. (TSE:IFC) Receives C$331.09 Average Price Target from Analysts

Intact Financial Co. (TSE:IFC – Get Free Report) has been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$331.09.

A number of research analysts have recently commented on IFC shares. Royal Bank Of Canada upped their price target on Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Barclays cut their price target on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Scotiabank reduced their price target on shares of Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating on the stock in a research report on Thursday, July 30th. TD reduced their target price on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Finally, Raymond James Financial dropped their price target 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.

Get Intact Financial alerts:

Check Out Our Latest Stock Analysis on Intact Financial

Intact Financial Price Performance

Shares of IFC stock opened at C$267.92 on Friday. Intact Financial has a twelve month low of C$242.87 and a twelve month high of C$305.52. The company has a market capitalization of C$47.25 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 2.01 and a beta of 0.30. The company has a debt-to-equity ratio of 23.22, a quick ratio of 0.28 and a current ratio of 7.21. The stock’s 50 day simple moving average is C$286.63 and its 200 day simple moving average is C$268.33.

Intact Financial (TSE:IFC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 earnings per share for the quarter. The business had revenue of C$5.94 billion during the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. As a group, research analysts predict that Intact Financial will post 16.1721014 EPS for the current 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.

Featured Stories

• Five stocks we like better than Intact Financial
• The Metals Company’s Big Bet Now Comes Down to a License
• OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
• Meta and Tesla Are Rebounding From Oversold Levels—Now What?
• AMG’s Alternatives Boom Powers Record Growth

Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with MarketBeat.com's FREE daily email newsletter.