Jefferies Financial Group Cuts Intact Financial (TSE:IFC) Price Target to C$306.00

Intact Financial (TSE:IFC) had its price objective trimmed by Jefferies Financial Group from C$321.00 to C$306.00 in a research report released on Thursday morning,BayStreet.CA reports.

IFC has been the topic of several other reports. BMO Capital Markets increased their price objective on shares of Intact Financial from C$315.00 to C$320.00 in a report on Thursday, November 6th. Barclays raised their price target on shares of Intact Financial from C$312.00 to C$318.00 in a research note on Wednesday, November 5th. Desjardins cut their price objective on Intact Financial from C$335.00 to C$305.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Scotiabank decreased their target price on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Finally, Raymond James Financial lowered their price target on Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$315.55.

Intact Financial Stock Up 1.1%

Shares of Intact Financial stock opened at C$263.18 on Thursday. The firm has a market cap of C$46.73 billion, a PE ratio of 14.34, a P/E/G ratio of 2.01 and a beta of 0.07. The business has a 50-day moving average price of C$271.55 and a 200 day moving average price of C$273.07. Intact Financial has a twelve month low of C$244.01 and a twelve month high of C$317.35.

Intact Financial (TSE:IFC) last issued its quarterly earnings data on Tuesday, February 10th. The company reported C$5.40 EPS for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%.The company had revenue of C$7.10 billion for the quarter. On average, sell-side analysts expect that Intact Financial will post 16.1721014 EPS 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.