Intact Financial (TSE:IFC) Price Target Lowered to C$195.00 at Royal Bank of Canada

Intact Financial (TSE:IFC) had its price objective reduced by Royal Bank of Canada from C$197.00 to C$195.00 in a research note released on Wednesday, Analyst Ratings Network reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently issued reports on IFC. Credit Suisse Group began coverage on Intact Financial in a research report on Tuesday, September 28th. They set a buy rating and a C$215.00 price objective for the company. Scotiabank lifted their price objective on Intact Financial from C$190.00 to C$193.00 in a research report on Friday, July 30th. National Bank Financial reaffirmed an outperform rating and issued a C$168.21 price target on shares of Intact Financial in a research report on Monday, July 26th. National Bankshares boosted their price target on Intact Financial from C$205.00 to C$207.00 and gave the stock an outperform rating in a research report on Monday, July 26th. Finally, CIBC reaffirmed a buy rating and issued a C$197.00 price target on shares of Intact Financial in a research report on Wednesday. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Intact Financial presently has an average rating of Buy and an average target price of C$191.31.

IFC opened at C$166.29 on Wednesday. The stock has a market cap of C$29.28 billion and a price-to-earnings ratio of 13.93. Intact Financial has a 1 year low of C$131.94 and a 1 year high of C$178.28. The company has a current ratio of 0.49, a quick ratio of 0.30 and a debt-to-equity ratio of 39.36. The stock has a fifty day moving average price of C$171.09 and a 200 day moving average price of C$167.22.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, July 27th. The company reported C$3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.44 by C$0.82. The firm had revenue of C$3.82 billion for the quarter. As a group, sell-side analysts forecast that Intact Financial will post 10.97 earnings per share for the current fiscal year.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, such as fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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