Intact Financial (TSE:IFC) Price Target Raised to C$309.00

Intact Financial (TSE:IFC) had its target price hoisted by Raymond James Financial from C$303.00 to C$309.00 in a report released on Wednesday,BayStreet reports. The firm currently has a buy rating on the stock.

IFC has been the topic of several other reports. TD increased their target price on shares of Intact Financial from C$303.00 to C$309.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group boosted their price target on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. 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 research note on Thursday, July 30th. Canadian Imperial Bank of Commerce decreased their price target on Intact Financial from C$314.00 to C$311.00 in a research note on Thursday, July 30th. Finally, Desjardins set a C$310.00 price objective on Intact Financial and gave the company a “buy” rating in a report on Thursday, October 29th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$325.00.

Intact Financial Trading Down 2.2%

TSE IFC traded down C$6.27 during trading on Wednesday, reaching C$276.00. The company’s stock had a trading volume of 462,681 shares, compared to its average volume of 465,688. The stock has a market capitalization of C$48.45 billion, a PE ratio of 15.35, a PEG ratio of 2.01 and a beta of 0.47. Intact Financial has a 1-year low of C$236.92 and a 1-year high of C$305.52. The business has a 50-day moving average price of C$257.32 and a 200-day moving average price of C$265.20.

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.