Jefferies Financial Group Issues Positive Forecast for Intact Financial (TSE:IFC) Stock Price

Intact Financial (TSE:IFC) had its target price upped by Jefferies Financial Group from C$343.00 to C$351.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also recently weighed in on IFC. Raymond James Financial dropped their price target on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Desjardins lowered their price objective on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Royal Bank Of Canada upped their price objective on Intact Financial from C$289.00 to C$299.00 and gave the stock a “sector perform” rating in a research note on Monday, July 13th. National Bank Financial increased their target price on Intact Financial from C$372.00 to C$379.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Canadian Imperial Bank of Commerce raised their target price on Intact Financial from C$288.00 to C$314.00 in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Intact Financial has an average rating of “Moderate Buy” and a consensus price target of C$328.55.

Intact Financial Trading Up 1.6%

Intact Financial stock opened at C$298.13 on Monday. Intact Financial has a 1 year low of C$242.87 and a 1 year high of C$310.84. The firm’s 50-day moving average is C$284.59 and its 200-day moving average is C$267.29. The company has a debt-to-equity ratio of 23.33, a quick ratio of 0.28 and a current ratio of 1.69. The company has a market cap of C$52.71 billion, a P/E ratio of 15.87, a PEG ratio of 2.01 and a beta of 0.29.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. The business had revenue of C$5.83 billion during the quarter. On average, equities analysts expect that Intact Financial will post 16.1721014 earnings per share 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.