Intact Financial (TSE:IFC) Price Target Raised to C$308.00

Intact Financial (TSE:IFC) had its price target hoisted by Royal Bank Of Canada from C$299.00 to C$308.00 in a research report released on Thursday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

A number of other equities analysts have also recently commented on IFC. Barclays decreased their target price on Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a report on Wednesday. Canadian Imperial Bank of Commerce cut their price target on Intact Financial from C$314.00 to C$311.00 in a report on Thursday. Desjardins reduced their price target on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Scotiabank decreased their price objective on Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Finally, Raymond James Financial decreased their price objective on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$331.09.

Intact Financial Stock Performance

Shares of TSE IFC opened at C$275.25 on Thursday. Intact Financial has a 12-month low of C$242.87 and a 12-month high of C$305.52. The firm has a market capitalization of C$48.54 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.01 and a beta of 0.29. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. The firm has a 50 day moving average of C$285.52 and a 200 day moving average of C$267.58.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share for the quarter. The business had revenue of C$5.94 billion for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. On average, research analysts anticipate that Intact Financial will post 16.1721014 earnings per share for the current year.

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.