TD Securities Raises Intact Financial (TSE:IFC) Price Target to C$293.00

Intact Financial (TSE:IFC) had its target price raised by TD Securities from C$282.00 to C$293.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 9.66% from the company’s current price.

Other research analysts have also issued research reports about the stock. Scotiabank lowered their price objective on shares of Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Desjardins lifted their price target on shares of Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. CIBC lifted their price target on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Cormark lifted their price target on shares of Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets lifted their price target on shares of Intact Financial from C$250.00 to C$275.00 in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Intact Financial has a consensus rating of “Moderate Buy” and an average target price of C$265.00.

Intact Financial Trading Down 0.1 %

Shares of IFC traded down C$0.36 during trading on Tuesday, reaching C$267.18. 57,229 shares of the company traded hands, compared to its average volume of 286,929. Intact Financial has a twelve month low of C$188.27 and a twelve month high of C$271.81. The stock has a market cap of C$47.65 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The stock has a 50-day simple moving average of C$256.20 and a 200-day simple moving average of C$239.30. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, beating the consensus estimate of C$3.61 by C$1.25. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. The business had revenue of C$7.07 billion during the quarter, compared to analyst estimates of C$7.64 billion. On average, analysts anticipate that Intact Financial will post 16.1721014 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$253.88, for a total value of C$507,759.00. 0.24% of the stock is owned by corporate insiders.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.