Intact Financial (TSE:IFC) PT Raised to C$293.00 at TD Securities

Intact Financial (TSE:IFC) had its target price increased by stock analysts at TD Securities from C$282.00 to C$293.00 in a report issued on Tuesday, BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 10.69% from the company’s previous close.

A number of other research firms have also recently commented on IFC. National Bankshares upped their price target on Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Jefferies Financial Group decreased their target price on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Scotiabank dropped their target price on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. BMO Capital Markets increased their price target on shares of Intact Financial from C$250.00 to C$275.00 in a research report on Thursday, August 1st. Finally, Cormark lifted their price objective on shares of Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$265.00.

Intact Financial Stock Down 0.9 %

Shares of TSE:IFC opened at C$264.70 on Tuesday. The company has a market capitalization of C$47.21 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.01 and a beta of 0.57. Intact Financial has a 12-month low of C$188.27 and a 12-month high of C$271.81. The business has a 50-day moving average price of C$256.89 and a 200 day moving average price of C$239.95. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$4.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of C$7.64 billion. Sell-side analysts expect that Intact Financial will post 16.1721014 EPS 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 transaction of C$507,759.00. 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.