Scotiabank Raises Intact Financial (TSE:IFC) Price Target to C$261.00

Intact Financial (TSE:IFC) had its target price hoisted by stock analysts at Scotiabank from C$256.00 to C$261.00 in a research note issued on Friday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 16.36% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. TD Securities boosted their price objective on Intact Financial from C$225.00 to C$235.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. CIBC boosted their price objective on Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. National Bankshares dropped their price objective on Intact Financial from C$250.00 to C$245.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. BMO Capital Markets boosted their price objective on Intact Financial from C$230.00 to C$240.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Raymond James boosted their price objective on Intact Financial from C$221.00 to C$247.00 in a report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$237.20.

Intact Financial Stock Performance

TSE IFC opened at C$224.31 on Friday. The company has a market cap of C$40.00 billion, a P/E ratio of 32.09, a P/E/G ratio of 2.01 and a beta of 0.54. The company has a debt-to-equity ratio of 34.90, a quick ratio of 0.28 and a current ratio of 0.38. The business’s 50 day moving average price is C$223.61 and its 200-day moving average price is C$211.74. Intact Financial has a fifty-two week low of C$188.22 and a fifty-two week high of C$237.25.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, beating the consensus estimate of C$3.44 by C$0.03. The firm had revenue of C$6.53 billion for the quarter. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. Sell-side analysts predict that Intact Financial will post 14.4651774 earnings per share for the current year.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total value of C$1,583,589.00. Company insiders own 0.23% of the company’s stock.

Intact Financial Company Profile

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. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.