Barclays Raises Intact Financial (TSE:IFC) Price Target to C$318.00

Intact Financial (TSE:IFC) had its price objective lifted by investment analysts at Barclays from C$312.00 to C$318.00 in a research report issued on Wednesday,BayStreet.CA reports. Barclays‘s target price suggests a potential upside of 18.26% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Desjardins cut their price objective on shares of 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. BMO Capital Markets boosted their price objective on shares of Intact Financial from C$330.00 to C$335.00 in a research report on Friday, July 11th. Jefferies Financial Group raised shares of Intact Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$316.00 to C$317.00 in a research report on Tuesday, October 21st. Scotiabank dropped their price target on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a research report on Wednesday, October 22nd. Finally, Royal Bank Of Canada dropped their price target on shares of Intact Financial from C$329.00 to C$324.00 and set a “sector perform” rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$320.82.

Intact Financial Stock Up 1.4%

Shares of TSE:IFC traded up C$3.71 during trading on Wednesday, reaching C$268.89. The stock had a trading volume of 379,876 shares, compared to its average volume of 333,256. The business has a fifty day moving average price of C$268.11 and a 200-day moving average price of C$288.86. The stock has a market cap of C$47.95 billion, a P/E ratio of 20.64, a PEG ratio of 2.01 and a beta of 0.10. Intact Financial has a fifty-two week low of C$250.28 and a fifty-two week high of C$317.35.

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.