Intact Financial (TSE:IFC) Price Target Increased to C$261.00 by Analysts at Raymond James

Intact Financial (TSE:IFC) had its target price hoisted by research analysts at Raymond James from C$247.00 to C$261.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 12.88% from the stock’s current price.

IFC has been the subject of several other research reports. BMO Capital Markets boosted their price target on Intact Financial from C$230.00 to C$240.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Scotiabank upped their price objective on shares of Intact Financial from C$256.00 to C$261.00 in a report on Friday, April 26th. Desjardins raised their target price on Intact Financial from C$235.00 to C$238.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. National Bankshares increased their price objective on Intact Financial from C$245.00 to C$247.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Finally, CIBC upped their target price on Intact Financial from C$225.00 to C$250.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Intact Financial presently has an average rating of “Moderate Buy” and a consensus price target of C$245.00.

Intact Financial Stock Up 0.7 %

TSE:IFC traded up C$1.66 on Wednesday, hitting C$231.21. 207,489 shares of the company’s stock traded hands, compared to its average volume of 298,705. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 34.90. The company has a market cap of C$41.23 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.01 and a beta of 0.54. The firm has a 50-day moving average price of C$223.38 and a 200-day moving average price of C$213.29. Intact Financial has a 1 year low of C$188.22 and a 1 year high of C$237.25.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$3.44 by C$0.03. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. The company had revenue of C$6.53 billion during the quarter. Equities analysts anticipate that Intact Financial will post 14.526183 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. 0.23% of the stock is owned by corporate insiders.

About Intact Financial

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.