TD Securities Forecasts Strong Price Appreciation for Intact Financial (TSE:IFC) Stock

Intact Financial (TSE:IFCGet Free Report) had its price target hoisted by analysts at TD Securities from C$346.00 to C$354.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 35.94% from the stock’s previous close.

IFC has been the topic of several other research reports. Desjardins cut their price objective on Intact Financial from C$335.00 to C$305.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Scotiabank dropped their target price on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. National Bank Financial lifted their price target on shares of Intact Financial from C$352.00 to C$358.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Barclays upped their price target on shares of Intact Financial from C$312.00 to C$318.00 in a report on Wednesday, November 5th. Finally, BMO Capital Markets increased their price objective on shares of Intact Financial from C$315.00 to C$320.00 in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Intact Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$315.55.

View Our Latest Research Report on Intact Financial

Intact Financial Stock Up 2.7%

Shares of IFC stock opened at C$260.40 on Wednesday. Intact Financial has a 12-month low of C$244.01 and a 12-month high of C$317.35. The firm has a fifty day moving average of C$271.77 and a 200-day moving average of C$273.57. The firm has a market capitalization of C$46.24 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 2.01 and a beta of 0.07.

Intact Financial (TSE:IFCGet Free Report) last posted its earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share 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 for the quarter. Research analysts expect that Intact Financial will post 16.1721014 earnings per share for the current year.

Key Headlines Impacting Intact Financial

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About Intact Financial

(Get Free Report)

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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