Intact Financial (TSE:IFC) Price Target Cut to C$305.00 by Analysts at Raymond James Financial

Intact Financial (TSE:IFC) had its price objective lowered by Raymond James Financial from C$310.00 to C$305.00 in a research report released on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently issued reports on IFC. National Bank Financial upped their price objective on shares of Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. Jefferies Financial Group boosted their target price on shares of Intact Financial from C$306.00 to C$324.00 in a research report on Monday. Desjardins decreased their price target on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a report on Monday, April 27th. Barclays raised their price target on Intact Financial from C$322.00 to C$327.00 in a research report on Wednesday. Finally, TD dropped their price objective on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$323.55.

Intact Financial Stock Down 3.9%

IFC opened at C$249.00 on Wednesday. The firm has a market cap of C$44.21 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.33. The company has a debt-to-equity ratio of 25.21, a quick ratio of 0.28 and a current ratio of 6.11. The business has a 50 day moving average price of C$254.92 and a 200 day moving average price of C$265.83. Intact Financial has a twelve month low of C$242.87 and a twelve month high of C$317.35.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. Intact Financial had a return on equity of 17.09% and a net margin of 12.91%.The company had revenue of C$5.83 billion for the quarter. Research analysts forecast that Intact Financial will post 16.1721014 EPS for the current 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.