Intact Financial (TSE:IFC) Given New C$230.00 Price Target at National Bankshares

Intact Financial (TSE:IFCGet Rating) had its target price increased by equities research analysts at National Bankshares from C$227.00 to C$230.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 20.67% from the stock’s current price.

Several other research firms have also issued reports on IFC. CIBC upped their target price on shares of Intact Financial from C$210.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday, May 12th. Barclays cut their target price on Intact Financial from C$212.00 to C$208.00 and set a “na” rating on the stock in a research note on Tuesday, July 26th. Raymond James cut their target price on Intact Financial from C$217.00 to C$206.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 12th. Scotiabank cut their target price on Intact Financial from C$207.00 to C$195.00 in a research note on Tuesday, June 28th. Finally, TD Securities boosted their target price on Intact Financial from C$215.00 to C$220.00 and gave the stock a “buy” rating in a research note on Friday. Eight equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$211.29.

Intact Financial Stock Performance

Shares of IFC stock opened at C$190.60 on Friday. The company has a market cap of C$33.46 billion and a price-to-earnings ratio of 16.69. Intact Financial has a 52 week low of C$158.00 and a 52 week high of C$191.56. The firm has a 50 day moving average of C$181.92 and a 200-day moving average of C$180.32. The company has a quick ratio of 0.24, a current ratio of 0.43 and a debt-to-equity ratio of 37.07.

Intact Financial (TSE:IFCGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The company reported C$2.53 earnings per share for the quarter, beating the consensus estimate of C$2.43 by C$0.10. The company had revenue of C$5.31 billion during the quarter, compared to the consensus estimate of C$4.94 billion. On average, equities analysts forecast that Intact Financial will post 12.8100004 earnings per share for the current year.

Intact Financial Company Profile

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Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

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