Raymond James Forecasts Strong Price Appreciation for Intact Financial (TSE:IFC) Stock

Intact Financial (TSE:IFC) had its price objective raised by research analysts at Raymond James from C$264.00 to C$290.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 9.86% from the company’s current price. Raymond James also issued estimates for Intact Financial’s Q4 2024 earnings at $4.64 EPS, Q1 2025 earnings at $4.57 EPS and Q4 2025 earnings at $4.97 EPS.

A number of other research analysts have also recently weighed in on the company. Scotiabank lowered their price objective on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Cormark upped their target price on shares of Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group lowered their price objective on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research report on Thursday, August 22nd. TD Securities lifted their target price on Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday. Finally, Desjardins increased their price objective on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Intact Financial has a consensus rating of “Moderate Buy” and a consensus target price of C$274.90.

Intact Financial Trading Down 0.4 %

Shares of Intact Financial stock opened at C$263.97 on Wednesday. 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 stock has a market capitalization of C$47.08 billion, a PE ratio of 23.24, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a 1-year low of C$197.82 and a 1-year high of C$273.05. The company’s fifty day simple moving average is C$259.90 and its 200-day simple moving average is C$243.33.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$255.00, for a total transaction of C$510,000.00. 0.24% of the stock is currently owned by company insiders.

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.