Intact Financial (TSE:IFC) Price Target Raised to C$243.00

Intact Financial (TSE:IFC) had its price target hoisted by stock analysts at Royal Bank of Canada from C$226.00 to C$243.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 6.28% from the company’s current price.

A number of other analysts have also weighed in on the stock. Scotiabank raised their price objective on shares of Intact Financial from C$256.00 to C$261.00 in a research note on Friday, April 26th. National Bankshares raised their price target on shares of Intact Financial from C$245.00 to C$247.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. TD Securities upped their price objective on Intact Financial from C$225.00 to C$235.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. BMO Capital Markets increased their target price on Intact Financial from C$230.00 to C$240.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Desjardins boosted their price target on Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$247.30.

Intact Financial Stock Performance

Intact Financial stock opened at C$228.65 on Wednesday. Intact Financial has a twelve month low of C$188.22 and a twelve month high of C$237.25. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90. The company has a market capitalization of C$40.77 billion, a P/E ratio of 32.66, a PEG ratio of 2.01 and a beta of 0.54. The stock’s 50 day moving average is C$223.54 and its 200 day moving average is C$213.53.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, topping analysts’ consensus estimates of C$3.44 by C$0.03. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. The firm had revenue of C$6.53 billion for the quarter. On average, equities research analysts predict that Intact Financial will post 14.526183 earnings per share for the current fiscal year.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction dated 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. 0.23% of the stock is owned by company insiders.

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. 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.