Intact Financial (TSE:IFC) Price Target Raised to C$260.00

Intact Financial (TSE:IFC) had its price target lifted by analysts at National Bankshares from C$247.00 to C$260.00 in a report released on Thursday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 13.17% from the stock’s current price.

Several other brokerages also recently commented on IFC. CIBC boosted their target price on shares of Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Royal Bank of Canada boosted their price target on shares of Intact Financial from C$226.00 to C$243.00 and gave the company a “sector perform” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on shares of Intact Financial from C$240.00 to C$250.00 in a report on Thursday. TD Securities boosted their target price on Intact Financial from C$250.00 to C$258.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Scotiabank lifted their price objective on Intact Financial from C$261.00 to C$264.00 in a research report on Thursday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$247.30.

Intact Financial Stock Performance

Shares of TSE:IFC traded down C$2.72 on Thursday, hitting C$229.74. 128,888 shares of the company were exchanged, compared to its average volume of 298,861. The company has a debt-to-equity ratio of 34.90, a quick ratio of 0.28 and a current ratio of 0.38. The company’s 50 day moving average price is C$223.38 and its two-hundred day moving average price is C$213.29. Intact Financial has a one year low of C$188.22 and a one year high of C$237.25. The firm has a market capitalization of C$40.97 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.01 and a beta of 0.54.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, beating the consensus estimate of C$3.44 by C$0.03. The business had revenue of C$6.53 billion for the quarter. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. Research analysts expect that Intact Financial will post 14.526183 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Benoit Morissette sold 7,000 shares of Intact Financial stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total value of C$1,583,589.00. 0.23% of the stock is currently owned by corporate insiders.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.