Intact Financial (TSE:IFC) Price Target Raised to C$354.00

Intact Financial (TSE:IFC) had its price target boosted by TD Securities from C$346.00 to C$354.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently weighed in on IFC. Scotiabank dropped their target price on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. BMO Capital Markets lifted their price objective on shares of Intact Financial from C$315.00 to C$320.00 in a research note on Thursday, November 6th. Canadian Imperial Bank of Commerce cut their target price on Intact Financial from C$315.00 to C$288.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. National Bank Financial raised their target price on Intact Financial from C$352.00 to C$358.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Finally, Barclays raised their price objective on Intact Financial from C$312.00 to C$318.00 in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$315.55.

Intact Financial Trading Up 1.1%

TSE IFC opened at C$263.18 on Wednesday. The firm’s fifty day simple moving average is C$271.55 and its two-hundred day simple moving average is C$273.30. The firm has a market capitalization of C$46.73 billion, a P/E ratio of 14.34, a P/E/G ratio of 2.01 and a beta of 0.07. Intact Financial has a 12-month low of C$244.01 and a 12-month high of C$317.35.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$5.40 earnings per share for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%.The firm had revenue of C$7.10 billion during the quarter. As a group, sell-side analysts predict that Intact Financial will post 16.1721014 earnings per share 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.