Intact Financial (TSE:IFC) Price Target Raised to C$320.00

Intact Financial (TSE:IFC) had its target price raised by equities researchers at Jefferies Financial Group from C$317.00 to C$320.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 19.22% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of Intact Financial from C$324.00 to C$304.00 in a research report on Thursday. Desjardins decreased their price objective on shares of Intact Financial from C$335.00 to C$305.00 and set a “buy” rating for the company in a research report on Friday, October 24th. BMO Capital Markets increased their price objective on shares of Intact Financial from C$330.00 to C$335.00 in a research report on Friday, July 11th. CIBC decreased their price objective on shares of Intact Financial from C$315.00 to C$288.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Finally, Scotiabank reduced their price target on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Intact Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$317.91.

Intact Financial Trading Down 0.5%

TSE:IFC traded down C$1.31 during trading hours on Thursday, hitting C$268.42. 170,329 shares of the company were exchanged, compared to its average volume of 335,161. The stock has a market capitalization of C$47.87 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 2.01 and a beta of 0.10. Intact Financial has a one year low of C$250.28 and a one year high of C$317.35. The company has a fifty day simple moving average of C$267.99 and a 200 day simple moving average of C$288.73.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space.