Analysts Set Intact Financial Co. (TSE:IFC) Target Price at C$267.90

Shares of Intact Financial Co. (TSE:IFC) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$267.90.

A number of brokerages recently weighed in on IFC. Desjardins boosted their price target on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. TD Securities boosted their price target on shares of Intact Financial from C$282.00 to C$293.00 in a research report on Tuesday, October 22nd. Raymond James reduced their price target on shares of Intact Financial from C$269.00 to C$264.00 in a research report on Thursday, October 10th. CIBC upped their target price on shares of Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets upped their target price on shares of Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st.

Intact Financial Price Performance

Shares of IFC opened at C$269.61 on Friday. Intact Financial has a 1-year low of C$196.27 and a 1-year high of C$271.81. The stock has a market cap of C$48.09 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The firm has a fifty day moving average price of C$259.27 and a 200 day moving average price of C$242.67.

Insider Activity at Intact Financial

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$253.88, for a total transaction of C$507,759.00. Company insiders own 0.24% of the company’s stock.

About Intact Financial

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.