TD Securities Raises Intact Financial (TSE:IFC) Price Target to C$258.00

Intact Financial (TSE:IFC) had its price objective upped by analysts at TD Securities from C$250.00 to C$258.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 12.84% from the stock’s previous close.

IFC has been the topic of several other research reports. Royal Bank of Canada lifted their target price on shares of Intact Financial from C$226.00 to C$243.00 and gave the company a “sector perform” rating in a research report on Wednesday. Raymond James lifted their price objective on Intact Financial from C$247.00 to C$261.00 and gave the stock an “outperform” rating in a report on Wednesday. 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. Finally, National Bankshares increased their price objective on Intact Financial from C$245.00 to C$247.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Intact Financial has a consensus rating of “Moderate Buy” and an average price target of C$247.30.

Intact Financial Stock Performance

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

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, topping the consensus estimate 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 during the quarter. Sell-side analysts anticipate that Intact Financial will post 14.526183 EPS for the current fiscal year.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of Intact Financial stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. 0.23% of the stock is currently owned by insiders.

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.