Royal Bank of Canada Increases Intact Financial (TSE:IFC) Price Target to C$231.00

Intact Financial (TSE:IFCGet Rating) had its target price upped by equities researchers at Royal Bank of Canada from C$225.00 to C$231.00 in a research note issued on Friday, BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 15.86% from the company’s previous close.

IFC has been the subject of several other research reports. Barclays increased their target price on shares of Intact Financial from C$210.00 to C$235.00 in a report on Thursday, November 10th. UBS Group reduced their target price on shares of Intact Financial from C$211.00 to C$209.00 in a report on Monday, November 14th. TD Securities increased their price target on shares of Intact Financial from C$220.00 to C$230.00 and gave the company a “buy” rating in a research note on Wednesday, November 9th. National Bankshares increased their price target on shares of Intact Financial from C$230.00 to C$238.00 in a research note on Wednesday, November 2nd. Finally, Raymond James cut shares of Intact Financial from a “strong-buy” rating to an “outperform” rating and set a C$229.00 price target for the company. in a research note on Thursday, November 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intact Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$224.18.

Intact Financial Stock Up 1.2 %

Intact Financial stock opened at C$199.38 on Friday. The stock has a market capitalization of C$34.94 billion and a PE ratio of 12.96. Intact Financial has a twelve month low of C$159.89 and a twelve month high of C$209.57. The company has a quick ratio of 0.28, a current ratio of 0.43 and a debt-to-equity ratio of 35.10. The company has a 50 day moving average of C$198.00 and a 200-day moving average of C$195.08.

Intact Financial (TSE:IFCGet Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported C$2.70 earnings per share for the quarter, missing the consensus estimate of C$2.92 by C($0.22). The firm had revenue of C$5.39 billion for the quarter. On average, equities research analysts anticipate that Intact Financial will post 12.9300005 EPS for the current fiscal year.

About Intact Financial

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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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Analyst Recommendations for Intact Financial (TSE:IFC)

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