Raymond James Increases Intact Financial (TSE:IFC) Price Target to C$261.00

Intact Financial (TSE:IFC) had its price objective boosted by analysts at Raymond James from C$247.00 to C$261.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 14.15% from the stock’s current price.

IFC has been the subject of several other reports. TD Securities boosted their price target on shares of Intact Financial from C$225.00 to C$235.00 and gave the stock a “buy” rating in a research note 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 report on Thursday, February 15th. Scotiabank lifted their price target on Intact Financial from C$256.00 to C$261.00 in a research note on Friday, April 26th. Desjardins increased their price objective on Intact Financial from C$235.00 to C$238.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, CIBC lifted their target price on shares of Intact Financial from C$225.00 to C$250.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$247.30.

Intact Financial Stock Down 1.6 %

Intact Financial stock opened at C$228.65 on Wednesday. Intact Financial has a 1-year low of C$188.22 and a 1-year high of C$237.25. The firm has a market capitalization of C$40.77 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 2.01 and a beta of 0.54. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 34.90. The firm has a 50 day simple moving average of C$223.54 and a 200 day simple moving average of C$213.53.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, beating 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 business had revenue of C$6.53 billion for the quarter. On average, analysts predict that Intact Financial will post 14.526183 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were 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 currently 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.