Intact Financial (TSE:IFC) Price Target Raised to C$354.00

Intact Financial (TSE:IFC) had its price objective boosted by research analysts at TD Securities from C$346.00 to C$354.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 37.85% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Scotiabank decreased their price objective on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Barclays boosted their price target on Intact Financial from C$312.00 to C$318.00 in a research report on Wednesday, November 5th. Desjardins reduced their price objective on Intact Financial from C$335.00 to C$305.00 and set a “buy” rating for the company in a research report on Friday, October 24th. National Bankshares boosted their target price on Intact Financial from C$352.00 to C$358.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Finally, Jefferies Financial Group raised their price target on Intact Financial from C$317.00 to C$320.00 in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Intact Financial has an average rating of “Moderate Buy” and an average target price of C$316.82.

Intact Financial Price Performance

IFC stock traded down C$6.75 during trading on Wednesday, reaching C$256.80. The company had a trading volume of 413,069 shares, compared to its average volume of 491,413. Intact Financial has a 52 week low of C$244.01 and a 52 week high of C$317.35. The business has a 50 day moving average of C$272.50 and a 200 day moving average of C$273.80. The company has a market cap of C$45.63 billion, a P/E ratio of 15.39, a PEG ratio of 2.01 and a beta of 0.07.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, November 4th. The company reported C$4.46 earnings per share (EPS) for the quarter. The firm had revenue of C$6.45 billion during the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. Research analysts expect that Intact Financial will post 16.1721014 earnings per share for the current 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.