Intact Financial (TSE:IFC) PT Raised to C$210.00 at Scotiabank

Intact Financial (TSE:IFCGet Rating) had its price target increased by Scotiabank from C$195.00 to C$210.00 in a research note released on Tuesday, BayStreet.CA reports.

Several other brokerages have also recently weighed in on IFC. Royal Bank of Canada raised their price target on shares of Intact Financial from C$216.00 to C$219.00 and gave the stock an outperform rating in a research note on Friday, July 29th. National Bankshares lifted their target price on Intact Financial from C$227.00 to C$230.00 and gave the stock an outperform rating in a report on Friday, July 29th. TD Securities raised their price target on Intact Financial from C$215.00 to C$220.00 and gave the stock a buy rating in a research report on Friday, July 29th. Barclays decreased their target price on Intact Financial from C$212.00 to C$208.00 and set a na rating on the stock in a research report on Tuesday, July 26th. Finally, Raymond James lifted their target price on Intact Financial from C$206.00 to C$229.00 and gave the company a strong-buy rating in a research report on Tuesday. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of C$214.21.

Intact Financial Stock Performance

Shares of IFC stock opened at C$191.40 on Tuesday. The company has a debt-to-equity ratio of 30.85, a current ratio of 0.44 and a quick ratio of 0.27. The stock has a market cap of C$33.60 billion and a PE ratio of 13.23. The stock has a 50-day moving average of C$182.92 and a 200-day moving average of C$181.15. Intact Financial has a one year low of C$158.00 and a one year high of C$191.56.

Intact Financial (TSE:IFCGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported C$7.29 EPS for the quarter, beating analysts’ consensus estimates of C$2.84 by C$4.45. The company had revenue of C$5.34 billion during the quarter. As a group, sell-side analysts expect that Intact Financial will post 12.9300005 earnings per share for the current year.

About Intact Financial

(Get Rating)

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. 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, including 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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