Raymond James Financial Cuts Intact Financial (TSE:IFC) Price Target to C$310.00

Intact Financial (TSE:IFC) had its price target trimmed by Raymond James Financial from C$330.00 to C$310.00 in a report published on Wednesday,BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. Desjardins decreased their target price on Intact Financial from C$335.00 to C$305.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Scotiabank decreased their price objective on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. TD Securities lowered their price objective on shares of Intact Financial from C$359.00 to C$346.00 in a research report on Wednesday, October 22nd. Royal Bank Of Canada dropped their target price on shares of Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. Finally, Barclays boosted their target price on shares of Intact Financial from C$312.00 to C$318.00 in a research note on Wednesday, November 5th. One research 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’s stock. According to data from MarketBeat, Intact Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$315.55.

Intact Financial Trading Up 1.1%

Shares of TSE:IFC opened at C$263.18 on Wednesday. The stock has a fifty day simple moving average of C$271.55 and a two-hundred day simple moving average of C$273.30. Intact Financial has a 12-month low of C$244.01 and a 12-month high of C$317.35. The stock has a market capitalization of C$46.73 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.01 and a beta of 0.07.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share for the quarter. The firm had revenue of C$7.10 billion during the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. As a group, equities research 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.