Intact Financial Co. (TSE:IFC) Receives C$325.45 Average Target Price from Analysts

Intact Financial Co. (TSE:IFC) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$325.45.

IFC has been the subject of several recent research reports. 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. Canadian Imperial Bank of Commerce boosted their price objective on Intact Financial from C$288.00 to C$314.00 in a research note on Friday, July 10th. National Bank Financial upped their target price on Intact Financial from C$364.00 to C$372.00 in a research report on Wednesday, April 29th. TD decreased their target price on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Barclays increased their target price on Intact Financial from C$322.00 to C$327.00 in a research note on Wednesday, May 6th.

Intact Financial Price Performance

Intact Financial stock opened at C$289.24 on Monday. Intact Financial has a 52-week low of C$242.87 and a 52-week high of C$310.84. The firm has a fifty day moving average of C$282.66 and a 200-day moving average of C$267.07. The firm has a market capitalization of C$51.13 billion, a P/E ratio of 15.40, a PEG ratio of 2.01 and a beta of 0.29. The company has a quick ratio of 0.28, a current ratio of 1.69 and a debt-to-equity ratio of 23.33.

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