Intact Financial Co. (TSE:IFC) Receives C$196.09 Average Price Target from Analysts

Shares of Intact Financial Co. (TSE:IFC) have been given an average recommendation of “Buy” by the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$197.02.

IFC has been the subject of several research reports. Scotiabank reduced their target price on shares of Intact Financial from C$193.00 to C$190.00 in a research note on Monday, October 18th. National Bankshares cut their price target on shares of Intact Financial from C$212.00 to C$209.00 and set an “outperform” rating for the company in a research note on Friday, October 29th. Raymond James raised their price target on shares of Intact Financial from C$193.00 to C$199.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 12th. UBS Group raised their price target on shares of Intact Financial from C$187.00 to C$190.00 and gave the stock a “strong-buy” rating in a research note on Wednesday. Finally, CIBC raised their price target on shares of Intact Financial from C$197.00 to C$200.00 and gave the stock an “outperform” rating in a research note on Friday, November 12th.

TSE IFC opened at C$160.59 on Wednesday. The company has a debt-to-equity ratio of 37.08, a quick ratio of 0.29 and a current ratio of 0.47. The firm has a 50-day simple moving average of C$164.04 and a 200 day simple moving average of C$168.03. Intact Financial has a twelve month low of C$140.50 and a twelve month high of C$178.28. The stock has a market cap of C$28.28 billion and a PE ratio of 14.88.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, November 9th. The company reported C$2.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.95 by C$0.92. Research analysts forecast that Intact Financial will post 11.0900002 earnings per share for the current fiscal year.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, such as fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

Further Reading: What is a support level?

Analyst Recommendations for Intact Financial (TSE:IFC)

Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with MarketBeat.com's FREE daily email newsletter.