Intact Financial (TSE:IFC – Get Free Report) had its price target increased by equities research analysts at Scotiabank from C$256.00 to C$261.00 in a research report issued on Friday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 16.36% from the company’s previous close.
Other analysts have also issued research reports about the company. Royal Bank of Canada increased their price objective on Intact Financial from C$228.00 to C$229.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. BMO Capital Markets increased their price objective on Intact Financial from C$230.00 to C$240.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. CIBC increased their price objective on Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. National Bankshares dropped their price objective on Intact Financial from C$250.00 to C$245.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, Raymond James raised their price target on Intact Financial from C$221.00 to C$247.00 in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$237.20.
Read Our Latest Report on Intact Financial
Intact Financial Stock Up 1.5 %
Intact Financial (TSE:IFC – Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.44 by C$0.03. The firm had revenue of C$6.53 billion during the quarter. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. On average, analysts forecast that Intact Financial will post 14.4651774 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total value of C$1,583,589.00. 0.23% of the stock is owned by corporate insiders.
Intact Financial Company Profile
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.
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