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

Intact Financial (TSE:IFC) had its target price raised by analysts at TD Securities from C$293.00 to C$300.00 in a research report issued on Wednesday,BayStreet.CA reports. TD Securities’ target price points to a potential upside of 13.65% from the stock’s current price.

A number of other brokerages also recently weighed in on IFC. Cormark boosted their price target 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. Scotiabank reduced their target price on shares of 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. Raymond James lowered their price target on shares of Intact Financial from C$269.00 to C$264.00 in a report on Thursday, October 10th. CIBC increased their price objective on 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, Desjardins raised their target price on Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Intact Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Stock Performance

Shares of Intact Financial stock opened at C$263.97 on Wednesday. The firm has a market capitalization of C$47.08 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. The business’s fifty day simple moving average is C$259.90 and its 200 day simple moving average is C$243.33. Intact Financial has a 12 month low of C$197.82 and a 12 month high of C$273.05.

Insiders Place Their Bets

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$253.88, for a total transaction of C$507,759.00. 0.24% of the stock is owned by corporate 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.