Intact Financial (TSE:IFC) Hits New 52-Week Low – What’s Next?

Intact Financial Co. (TSE:IFC)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as C$251.63 and last traded at C$251.74, with a volume of 586280 shares changing hands. The stock had previously closed at C$258.45.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Securities lowered their price objective on shares of Intact Financial from C$359.00 to C$346.00 in a research note on Wednesday, October 22nd. CIBC dropped their price objective on Intact Financial from C$315.00 to C$288.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. BMO Capital Markets upped their target price on Intact Financial from C$315.00 to C$320.00 in a report on Thursday, November 6th. Scotiabank decreased their price objective on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Finally, Barclays increased their price target on shares of Intact Financial from C$312.00 to C$318.00 in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$317.91.

Intact Financial Stock Down 2.6%

The stock’s fifty day simple moving average is C$278.43 and its two-hundred day simple moving average is C$277.49. The firm has a market cap of C$44.73 billion, a PE ratio of 15.08, a PEG ratio of 2.01 and a beta of 0.14.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$4.46 EPS for the quarter. The firm had revenue of C$6.45 billion for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. On average, equities research analysts anticipate that Intact Financial Co. 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.