BMO Capital Markets Increases Intact Financial (TSE:IFC) Price Target to C$230.00

Intact Financial (TSE:IFC) had its price objective upped by research analysts at BMO Capital Markets from C$225.00 to C$230.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 11.45% from the stock’s current price.

Several other research firms have also recently weighed in on IFC. Desjardins lifted their price objective on shares of Intact Financial from C$225.00 to C$230.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group dropped their price target on Intact Financial from C$210.00 to C$207.00 in a research report on Thursday, August 10th. CIBC set a C$225.00 price objective on Intact Financial and gave the stock an “outperform” rating in a research report on Thursday, September 14th. National Bankshares lifted their target price on Intact Financial from C$230.00 to C$235.00 in a research note on Thursday. Finally, TD Securities set a C$220.00 price target on shares of Intact Financial and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Intact Financial currently has a consensus rating of “Buy” and an average target price of C$223.18.

Intact Financial Stock Performance

Shares of IFC opened at C$206.37 on Thursday. The company has a 50-day moving average of C$197.53 and a two-hundred day moving average of C$198.16. The stock has a market cap of C$36.80 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.01 and a beta of 0.56. The company has a debt-to-equity ratio of 35.29, a current ratio of 0.39 and a quick ratio of 0.28. Intact Financial has a one year low of C$182.01 and a one year high of C$208.04.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. 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, as well as travel insurance.