Intact Financial (TSE:IFC) Price Target Raised to C$322.00 at Barclays

Intact Financial (TSE:IFC) had its price target hoisted by Barclays from C$319.00 to C$322.00 in a research report released on Wednesday,BayStreet.CA reports.

A number of other equities analysts have also recently commented on the stock. TD Securities lifted their target price on shares of Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Raymond James Financial cut their target price on shares of Intact Financial from C$330.00 to C$310.00 in a report on Wednesday, February 11th. Finally, Jefferies Financial Group cut their target price on shares of Intact Financial from C$321.00 to C$306.00 in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Intact Financial currently has a consensus rating of “Moderate Buy” and an average price target of C$318.50.

Intact Financial Stock Up 1.2%

IFC stock opened at C$251.07 on Wednesday. The company has a current ratio of 6.11, a quick ratio of 0.28 and a debt-to-equity ratio of 25.21. Intact Financial has a twelve month low of C$242.87 and a twelve month high of C$317.35. The company’s 50 day moving average is C$255.75 and its two-hundred day moving average is C$266.99. The stock has a market cap of C$44.58 billion, a P/E ratio of 13.68, a PEG ratio of 2.01 and a beta of 0.34.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, February 10th. The company reported C$5.40 EPS for the quarter. The business 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%. Research analysts expect that Intact Financial will post 16.1721014 earnings per share for the current fiscal 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.