Intact Financial Co. (TSE:IFC) Receives C$318.10 Consensus Target Price from Analysts

Shares of Intact Financial Co. (TSE:IFC) have received an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$318.10.

IFC has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Intact Financial from C$321.00 to C$306.00 in a report on Thursday, February 12th. Raymond James Financial reduced their price target on shares of Intact Financial from C$330.00 to C$310.00 in a research report on Wednesday, February 11th. Finally, TD Securities lifted their price target on Intact Financial from C$346.00 to C$354.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th.

Intact Financial Stock Performance

Intact Financial stock opened at C$247.89 on Tuesday. Intact Financial has a 52 week low of C$244.01 and a 52 week high of C$317.35. The company has a current ratio of 6.11, a quick ratio of 0.28 and a debt-to-equity ratio of 25.21. The stock has a market cap of C$44.02 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.31. The stock has a 50 day moving average of C$260.06 and a 200-day moving average of C$269.49.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share (EPS) for the quarter. The business had revenue of C$7.10 billion during the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. On average, analysts expect that Intact Financial will post 16.1721014 EPS for the current fiscal 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.