Intact Financial (TSE:IFC) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

Intact Financial (TSE:IFC) had its target price upped by analysts at Canadian Imperial Bank of Commerce from C$288.00 to C$314.00 in a research note issued on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 6.90% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada dropped their price target on Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. TD lowered their target price on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. National Bank Financial boosted their target price on Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. Jefferies Financial Group increased their price target on Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. Finally, Raymond James Financial lowered their price objective on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$324.55.

Intact Financial Stock Performance

Intact Financial stock traded down C$3.35 during midday trading on Friday, hitting C$293.72. 91,626 shares of the company’s stock were exchanged, compared to its average volume of 466,914. Intact Financial has a 12-month low of C$242.87 and a 12-month high of C$310.84. The company has a debt-to-equity ratio of 23.33, a quick ratio of 0.28 and a current ratio of 1.69. The stock has a market cap of C$51.93 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.29. The firm’s 50 day simple moving average is C$275.56 and its 200 day simple moving average is C$266.49.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. The business had revenue of C$5.83 billion during the quarter. Equities research analysts predict 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.