Intact Financial (TSE:IFC) Given New C$306.00 Price Target at Jefferies Financial Group

Intact Financial (TSE:IFCFree Report) had its price target cut by Jefferies Financial Group from C$321.00 to C$306.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

IFC has been the subject of a number of other research reports. Royal Bank Of Canada cut their price target on shares of Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. Raymond James Financial dropped their target price on shares of Intact Financial from C$330.00 to C$310.00 in a report on Wednesday. Barclays lifted their price target on shares of Intact Financial from C$312.00 to C$318.00 in a research report on Wednesday, November 5th. Scotiabank decreased their price target on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets upped their price target on Intact Financial from C$315.00 to C$320.00 in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$315.55.

Read Our Latest Research Report on Intact Financial

Intact Financial Price Performance

IFC opened at C$260.40 on Thursday. Intact Financial has a 12 month low of C$244.01 and a 12 month high of C$317.35. The stock has a market capitalization of C$46.24 billion, a P/E ratio of 14.19, a P/E/G ratio of 2.01 and a beta of 0.07. The business has a 50 day simple moving average of C$271.77 and a 200-day simple moving average of C$273.57.

Intact Financial (TSE:IFCGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$5.40 earnings per share (EPS) for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%.The firm had revenue of C$7.10 billion during the quarter. Research analysts anticipate that Intact Financial will post 16.1721014 EPS for the current year.

Intact Financial News Roundup

Here are the key news stories impacting Intact Financial this week:

Intact Financial Company Profile

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Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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