Intact Financial (TSE:IFC) Given New C$250.00 Price Target at BMO Capital Markets

Intact Financial (TSE:IFC) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$240.00 to C$250.00 in a research note issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 8.82% from the stock’s current price.

IFC has been the topic of a number of other research reports. Raymond James raised their target price on shares of Intact Financial from C$247.00 to C$261.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities lifted their price objective on Intact Financial from C$250.00 to C$258.00 and gave the company a “buy” rating in a research report on Wednesday. Desjardins increased their target price on Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. National Bankshares increased their target price on Intact Financial from C$245.00 to C$247.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Finally, Scotiabank lifted their price objective on shares of Intact Financial from C$256.00 to C$261.00 in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$247.30.

Intact Financial Price Performance

IFC traded down C$2.72 during midday trading on Thursday, reaching C$229.74. 128,888 shares of the company’s stock were exchanged, compared to its average volume of 298,861. Intact Financial has a 1-year low of C$188.22 and a 1-year high of C$237.25. The stock has a market capitalization of C$40.97 billion, a PE ratio of 32.86, a P/E/G ratio of 2.01 and a beta of 0.54. The company has a debt-to-equity ratio of 34.90, a current ratio of 0.38 and a quick ratio of 0.28. The business’s 50-day moving average price is C$223.38 and its 200 day moving average price is C$213.29.

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

Insider Transactions at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was 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.