Raymond James Financial Lowers Intact Financial (TSE:IFC) Price Target to C$310.00

Intact Financial (TSE:IFCGet Free Report) had its price target dropped by equities research analysts at Raymond James Financial from C$330.00 to C$310.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Raymond James Financial’s target price would indicate a potential upside of 19.05% from the stock’s previous close.

IFC has been the subject of several other reports. Jefferies Financial Group upped their price objective on shares of Intact Financial from C$317.00 to C$320.00 in a report on Thursday, November 6th. BMO Capital Markets boosted their target price on shares of Intact Financial from C$315.00 to C$320.00 in a research report on Thursday, November 6th. Scotiabank decreased their price target on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Barclays raised their price target on Intact Financial from C$312.00 to C$318.00 in a research report on Wednesday, November 5th. Finally, National Bank Financial boosted their price objective on Intact Financial from C$352.00 to C$358.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. One 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. According to MarketBeat, Intact Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$315.55.

View Our Latest Stock Report on Intact Financial

Intact Financial Stock Performance

Shares of TSE IFC opened at C$260.40 on Wednesday. The firm has a market cap of C$46.24 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 2.01 and a beta of 0.07. The business’s 50-day simple moving average is C$271.77 and its 200-day simple moving average is C$273.57. Intact Financial has a 52 week low of C$244.01 and a 52 week high of C$317.35.

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. The firm had revenue of C$7.10 billion during the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. As a group, equities research analysts forecast that Intact Financial will post 16.1721014 earnings per share for the current year.

Key Headlines Impacting Intact Financial

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Intact Financial Company Profile

(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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