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

Intact Financial (TSE:IFC) had its price objective lifted by Raymond James from C$290.00 to C$302.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 4.78% from the stock’s current price. Raymond James also issued estimates for Intact Financial’s Q1 2025 earnings at $3.75 EPS, Q3 2025 earnings at $3.89 EPS, FY2025 earnings at $16.54 EPS, Q1 2026 earnings at $3.85 EPS, Q2 2026 earnings at $3.95 EPS, Q3 2026 earnings at $4.03 EPS, Q4 2026 earnings at $5.26 EPS and FY2026 earnings at $17.08 EPS.

Other research analysts have also recently issued reports about the stock. Cibc World Mkts cut shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 29th. BMO Capital Markets increased their price target on shares of Intact Financial from C$275.00 to C$290.00 in a report on Thursday, November 7th. National Bankshares lifted their price objective on shares of Intact Financial from C$294.00 to C$296.00 in a report on Wednesday, November 6th. Scotiabank increased their target price on Intact Financial from C$281.00 to C$283.00 in a research note on Thursday, November 7th. Finally, TD Securities lifted their price target on Intact Financial from C$300.00 to C$324.00 and gave the stock a “buy” rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$292.90.

Intact Financial Stock Up 0.4 %

Intact Financial stock opened at C$288.21 on Thursday. The business has a 50-day simple moving average of C$262.84 and a 200 day simple moving average of C$260.57. Intact Financial has a 52 week low of C$216.62 and a 52 week high of C$294.35. The stock has a market cap of C$51.27 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity

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