Intact Financial (TSE:IFC) Price Target Cut to C$306.00 by Analysts at Jefferies Financial Group

Intact Financial (TSE:IFC) had its price target decreased by equities researchers at Jefferies Financial Group from C$321.00 to C$306.00 in a report released on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target would suggest a potential upside of 17.10% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Scotiabank cut their price objective on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Desjardins dropped their target price on Intact Financial from C$335.00 to C$305.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Barclays boosted their price target on Intact Financial from C$312.00 to C$318.00 in a research report on Wednesday, November 5th. Raymond James Financial dropped their price objective on shares of Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday. Finally, Royal Bank Of Canada reduced their target price on shares of Intact Financial from C$324.00 to C$304.00 in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Intact Financial presently has a consensus rating of “Moderate Buy” and an average target price of C$315.55.

Intact Financial Price Performance

IFC traded up C$7.77 during trading on Thursday, hitting C$261.32. The company’s stock had a trading volume of 250,250 shares, compared to its average volume of 497,404. Intact Financial has a twelve month low of C$244.01 and a twelve month high of C$317.35. The firm’s 50 day moving average price is C$272.10 and its 200-day moving average price is C$273.66. The stock has a market cap of C$46.43 billion, a PE ratio of 15.66, a PEG ratio of 2.01 and a beta of 0.07.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 EPS for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%.The company had revenue of C$7.10 billion during the quarter. Equities analysts anticipate 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.