Brokerages Set Intact Financial Co. (TSE:IFC) PT at C$318.10

Shares of Intact Financial Co. (TSE:IFC) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$318.10.

Several analysts have commented on the stock. Raymond James Financial dropped their price target on shares of Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday, February 11th. TD Securities raised their target price on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Barclays boosted their price target on Intact Financial from C$312.00 to C$318.00 in a research report on Wednesday, November 5th. National Bank Financial increased their price objective on Intact Financial from C$352.00 to C$358.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Finally, Jefferies Financial Group cut their price objective on Intact Financial from C$321.00 to C$306.00 in a research note on Thursday, February 12th.

Intact Financial Price Performance

IFC opened at C$261.96 on Friday. The company has a market capitalization of C$46.51 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 2.01 and a beta of 0.07. Intact Financial has a fifty-two week low of C$244.01 and a fifty-two week high of C$317.35. The business has a 50-day moving average of C$269.98 and a 200-day moving average of C$272.20.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 EPS for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%.The business had revenue of C$7.10 billion during the quarter. On average, equities research analysts expect that Intact Financial will post 16.1721014 earnings per share for the current fiscal year.

About Intact Financial

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.