Intact Financial (TSE:IFC) Given New C$300.00 Price Target at Desjardins

Intact Financial (TSE:IFC) had its price target trimmed by Desjardins from C$305.00 to C$300.00 in a research report sent to investors on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also issued reports on IFC. Raymond James Financial cut their price target on shares of Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday, February 11th. Jefferies Financial Group cut their price target on shares of Intact Financial from C$321.00 to C$306.00 in a research note on Thursday, February 12th. TD Securities boosted their price target on shares of Intact Financial from C$346.00 to C$354.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Barclays boosted their price target on shares of Intact Financial from C$319.00 to C$322.00 in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$318.00.

Intact Financial Stock Down 0.4%

Shares of TSE:IFC opened at C$255.71 on Monday. The company has a debt-to-equity ratio of 25.21, a current ratio of 6.11 and a quick ratio of 0.28. The firm has a market capitalization of C$45.40 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 2.01 and a beta of 0.34. The firm’s 50-day moving average is C$255.43 and its two-hundred day moving average is C$266.16. Intact Financial has a 1 year low of C$242.87 and a 1 year high of C$317.35.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share (EPS) for the quarter. The company had revenue of C$7.10 billion for the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. Analysts predict that Intact Financial will post 16.1721014 EPS for the current 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.