Intact Financial Co. (TSE:IFC) Stock Has Average Target Price of C$331.09 According to Analysts

Intact Financial Co. (TSE:IFC) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$331.09.

Several research analysts recently commented on IFC shares. Barclays cut their price target on shares of 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. Canadian Imperial Bank of Commerce decreased their price objective on shares of Intact Financial from C$314.00 to C$311.00 in a research note on Thursday, July 30th. TD dropped their price objective on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Royal Bank Of Canada raised their target price on shares of Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group lifted their target price on shares of Intact Financial from C$343.00 to C$351.00 and gave the company a “buy” rating in a report on Monday, July 27th.

Intact Financial Price Performance

IFC stock opened at C$241.30 on Friday. The company has a market cap of C$42.55 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.26. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. The stock has a 50-day moving average price of C$264.86 and a two-hundred day moving average price of C$268.61. Intact Financial has a 12-month low of C$241.16 and a 12-month high of C$305.52.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%.The company had revenue of C$5.94 billion for the quarter. As a group, research analysts predict 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.