Intact Financial (TSE:IFC) Price Target Raised to C$327.00

Intact Financial (TSE:IFC) had its price target raised by Barclays from C$322.00 to C$327.00 in a report published on Wednesday,BayStreet.CA reports.

IFC has been the topic of several other research reports. Raymond James Financial cut their price objective on Intact Financial from C$330.00 to C$310.00 in a report on Wednesday, February 11th. TD Securities boosted their price objective on Intact Financial from C$346.00 to C$354.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Desjardins cut their price objective on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Jefferies Financial Group boosted their price objective on Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. Finally, National Bank Financial boosted their price objective on Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$322.18.

Intact Financial Trading Up 0.9%

TSE IFC opened at C$255.00 on Wednesday. The stock’s 50-day moving average price is C$254.76 and its two-hundred day moving average price is C$265.79. The company has a market cap of C$45.08 billion, a PE ratio of 13.58, a PEG ratio of 2.01 and a beta of 0.33. Intact Financial has a 1 year low of C$242.87 and a 1 year high of C$317.35.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. The firm had revenue of C$5.83 billion for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. Research analysts forecast that Intact Financial will post 16.1721014 EPS for the current fiscal 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.