Intact Financial (TSE:IFC) Price Target Raised to C$293.00

Intact Financial (TSE:IFC) had its price objective raised by investment analysts at TD Securities from C$282.00 to C$293.00 in a report issued on Tuesday, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 9.66% from the stock’s current price.

Several other research firms have also commented on IFC. BMO Capital Markets boosted their price objective on shares of Intact Financial from C$250.00 to C$275.00 in a research note on Thursday, August 1st. CIBC boosted their price objective on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. National Bankshares upped their price target on shares of Intact Financial from C$260.00 to C$265.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Raymond James cut their price target on shares of Intact Financial from C$269.00 to C$264.00 in a research note on Thursday, October 10th. Finally, Desjardins upped their price target on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$265.00.

Intact Financial Stock Down 0.1 %

Shares of IFC traded down C$0.36 during mid-day trading on Tuesday, hitting C$267.18. The company’s stock had a trading volume of 57,229 shares, compared to its average volume of 286,929. The company’s 50-day moving average is C$256.20 and its 200-day moving average is C$239.30. Intact Financial has a 52-week low of C$188.27 and a 52-week high of C$271.81. The firm has a market capitalization of C$47.65 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.01 and a beta of 0.57. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$4.86 earnings per share for the quarter, topping the consensus estimate of C$3.61 by C$1.25. The firm had revenue of C$7.07 billion during the quarter, compared to analysts’ expectations of C$7.64 billion. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. On average, equities research analysts forecast that Intact Financial will post 16.1721014 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total transaction of C$507,759.00. Insiders own 0.24% of the company’s stock.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.