Jefferies Financial Group Issues Pessimistic Forecast for Intact Financial (TSE:IFC) Stock Price

Intact Financial (TSE:IFC) had its price objective dropped by Jefferies Financial Group from C$321.00 to C$306.00 in a research report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 16.27% from the company’s previous close.

A number of other equities research analysts have also issued reports on IFC. National Bank Financial increased their price target on Intact Financial from C$352.00 to C$358.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Desjardins cut their target price on shares of Intact Financial from C$335.00 to C$305.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Raymond James Financial decreased their price target on shares of Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday. Canadian Imperial Bank of Commerce dropped their price objective on shares of 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. Finally, Scotiabank reduced their price objective on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$315.55.

Intact Financial Stock Up 1.1%

Shares of IFC stock opened at C$263.18 on Thursday. The firm has a 50 day moving average of C$271.55 and a two-hundred day moving average of C$273.30. The stock has a market capitalization of C$46.73 billion, a PE ratio of 14.34, a P/E/G ratio of 2.01 and a beta of 0.07. Intact Financial has a 52 week low of C$244.01 and a 52 week 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. The business had revenue of C$7.10 billion for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. Analysts expect that Intact Financial will post 16.1721014 EPS 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.