Intact Financial Co. (TSE:IFC) Receives C$331.09 Average PT from Brokerages

Shares of Intact Financial Co. (TSE:IFC) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$331.09.

A number of research firms recently issued reports on IFC. Royal Bank Of Canada increased their price target on shares of Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Jefferies Financial Group lifted their price objective on Intact Financial from C$343.00 to C$351.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Barclays reduced their target price on Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. National Bank Financial increased their target price on Intact Financial from C$372.00 to C$379.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce lowered their target price on Intact Financial from C$314.00 to C$311.00 in a research note on Thursday, July 30th.

Intact Financial Stock Down 0.5%

Shares of TSE IFC opened at C$256.87 on Tuesday. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. Intact Financial has a 12 month low of C$242.87 and a 12 month high of C$305.52. The firm has a market capitalization of C$45.30 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 2.01 and a beta of 0.26. The firm has a fifty day simple moving average of C$279.59 and a two-hundred day simple moving average of C$269.24.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. The firm had revenue of C$5.94 billion during the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. Equities analysts expect that Intact Financial will post 16.1721014 earnings per share for the current 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.