TD Securities Boosts Intact Financial (TSE:IFC) Price Target to C$258.00

Intact Financial (TSE:IFC) had its price objective lifted by stock analysts at TD Securities from C$250.00 to C$258.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 11.59% from the stock’s current price.

Several other analysts also recently issued reports on the company. Royal Bank of Canada boosted their price objective on Intact Financial from C$226.00 to C$243.00 and gave the stock a “sector perform” rating in a report on Wednesday. Desjardins boosted their price objective on Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Scotiabank boosted their price objective on Intact Financial from C$256.00 to C$261.00 in a report on Friday, April 26th. BMO Capital Markets boosted their price objective on Intact Financial from C$230.00 to C$240.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, National Bankshares boosted their price objective on Intact Financial from C$245.00 to C$247.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$245.00.

Intact Financial Price Performance

IFC stock traded up C$1.66 during trading on Wednesday, hitting C$231.21. The company had a trading volume of 207,489 shares, compared to its average volume of 298,705. The firm has a market capitalization of C$41.23 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.01 and a beta of 0.54. The business has a 50 day moving average of C$223.38 and a 200 day moving average of C$213.29. Intact Financial has a fifty-two week low of C$188.22 and a fifty-two week high of C$237.25. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 34.90.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, topping the consensus estimate of C$3.44 by C$0.03. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. The business had revenue of C$6.53 billion during the quarter. As a group, research analysts predict that Intact Financial will post 14.526183 earnings per share for the current year.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of Intact Financial stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. Company insiders own 0.23% of the company’s stock.

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.