Intact Financial (TSE:IFC) PT Raised to C$140.00
Intact Financial (TSE:IFC) had its target price upped by stock analysts at TD Securities from C$125.00 to C$140.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 10.85% from the company’s previous close.
Several other equities research analysts have also recently commented on IFC. Royal Bank of Canada increased their price target on Summit Industrial Income REIT from C$11.50 to C$12.50 and gave the company a “sector perform” rating in a report on Thursday, May 9th. Morgan Stanley increased their price objective on Intact Financial from C$125.00 to C$128.00 in a research report on Thursday, May 30th. Desjardins reiterated a “buy” rating on shares of Dream Industrial REIT in a research report on Thursday, May 9th. National Bank Financial upgraded STEP Energy Services from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Wednesday, May 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Intact Financial from C$112.00 to C$115.00 in a research report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Intact Financial currently has a consensus rating of “Buy” and a consensus target price of C$120.92.
TSE:IFC opened at C$126.30 on Friday. Intact Financial has a one year low of C$94.39 and a one year high of C$127.23. The company has a debt-to-equity ratio of 32.96, a quick ratio of 0.21 and a current ratio of 0.28. The firm has a market capitalization of $17.58 billion and a PE ratio of 24.42. The firm has a 50 day moving average of C$120.67.
In related news, Senior Officer Joseph D’annunzio sold 1,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$118.61, for a total value of C$118,610.00. Following the completion of the transaction, the insider now directly owns 4,730 shares in the company, valued at C$561,025.30.
About Intact Financial
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; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.
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