Intact Financial (TSE:IFC) Stock Price Expected to Rise, Desjardins Analyst Says

Intact Financial (TSE:IFC) had its price objective upped by Desjardins from C$295.00 to C$315.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 9.30% from the company’s current price. Desjardins also issued estimates for Intact Financial’s Q1 2025 earnings at $3.78 EPS, Q2 2025 earnings at $4.14 EPS, Q3 2025 earnings at $4.21 EPS, Q4 2025 earnings at $4.42 EPS, FY2025 earnings at $16.55 EPS and FY2026 earnings at $17.90 EPS.

Several other research firms have also recently commented on IFC. Cibc World Mkts cut Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Jefferies Financial Group boosted their price objective on shares of Intact Financial from C$284.00 to C$301.00 in a research report on Thursday. Raymond James raised their target price on shares of Intact Financial from C$290.00 to C$302.00 and gave the company an “outperform” rating in a research report on Thursday. CIBC boosted their price target on shares of Intact Financial from C$280.00 to C$290.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Scotiabank raised their price objective on Intact Financial from C$281.00 to C$283.00 in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$292.90.

Intact Financial Trading Up 0.4 %

IFC stock opened at C$288.21 on Thursday. The stock has a 50-day moving average price of C$262.84 and a two-hundred day moving average price of C$260.57. Intact Financial has a 1 year low of C$216.62 and a 1 year high of C$294.35. The stock has a market cap of C$51.27 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insiders Place Their Bets

In other news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$272.50, for a total transaction of C$504,125.00. Also, Senior Officer Charles Brindamour sold 6,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total transaction of C$1,611,000.00. Insiders have sold a total of 14,300 shares of company stock valued at $3,957,892 over the last 90 days. 0.24% of the stock is currently owned by 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.