Intact Financial (TSE:IFC) Price Target Raised to C$379.00 at National Bank Financial

Intact Financial (TSE:IFC) had its target price boosted by National Bank Financial from C$372.00 to C$379.00 in a research report report published on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also issued reports on IFC. Jefferies Financial Group raised their target price on Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. Royal Bank Of Canada upped their price target on Intact Financial from C$289.00 to C$299.00 and gave the stock a “sector perform” rating in a report on Monday, July 13th. Barclays increased their price objective on Intact Financial from C$322.00 to C$327.00 in a research report on Wednesday, May 6th. Raymond James Financial lowered their price objective on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, TD dropped their target price on shares of Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$328.55.

Intact Financial Stock Up 1.6%

IFC stock opened at C$298.13 on Monday. The stock has a market capitalization of C$52.71 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.01 and a beta of 0.29. The company has a 50-day moving average of C$284.59 and a two-hundred day moving average of C$267.29. Intact Financial has a 52-week low of C$242.87 and a 52-week high of C$310.84. The company has a debt-to-equity ratio of 23.33, a current ratio of 1.69 and a quick ratio of 0.28.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%.The business had revenue of C$5.83 billion for the quarter. As a group, equities research analysts anticipate that Intact Financial will post 16.1721014 EPS for the current year.

Intact Financial Company Profile

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.