Intact Financial (TSE:IFC) PT Raised to C$261.00

Intact Financial (TSE:IFC) had its price objective lifted by analysts at Scotiabank from C$256.00 to C$261.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 16.37% from the company’s current price.

Several other equities analysts have also weighed in on the stock. TD Securities lifted their target price on shares of Intact Financial from C$225.00 to C$235.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. National Bankshares reduced their target price on shares of Intact Financial from C$250.00 to C$245.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. CIBC lifted their target price on shares of Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Desjardins boosted their price objective on shares of Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Raymond James boosted their price objective on shares of Intact Financial from C$221.00 to C$247.00 in a report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$237.20.

Intact Financial Stock Up 1.5 %

Shares of TSE:IFC traded up C$3.22 during midday trading on Friday, hitting C$224.28. 115,147 shares of the company’s stock traded hands, compared to its average volume of 294,888. The company has a debt-to-equity ratio of 34.90, a quick ratio of 0.28 and a current ratio of 0.38. The company has a market cap of C$39.99 billion, a PE ratio of 31.99, a P/E/G ratio of 2.01 and a beta of 0.54. The firm’s fifty day moving average price is C$223.69 and its two-hundred day moving average price is C$211.46. Intact Financial has a twelve month low of C$188.22 and a twelve month high of C$237.25.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, beating the consensus estimate of C$3.44 by C$0.03. The business had revenue of C$6.53 billion for the quarter. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. On average, equities research analysts anticipate that Intact Financial will post 14.4651774 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Benoit Morissette sold 7,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total value of C$1,583,589.00. Company insiders own 0.23% of the company’s stock.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.