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

Intact Financial (TSE:IFC) had its price target increased by investment analysts at National Bankshares from C$294.00 to C$296.00 in a report released on Wednesday, BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 13.55% from the stock’s current price.

IFC has been the subject of a number of other reports. BMO Capital Markets raised their price objective on shares of Intact Financial from C$250.00 to C$275.00 in a research report on Thursday, August 1st. Raymond James raised their price target on shares of Intact Financial from C$264.00 to C$290.00 in a report on Wednesday. Cormark upped 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 dropped their price objective on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Finally, CIBC upped their target price on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$271.40.

Intact Financial Price Performance

IFC traded down C$11.14 during trading on Wednesday, reaching C$260.67. 227,482 shares of the company were exchanged, compared to its average volume of 286,172. Intact Financial has a 12-month low of C$196.27 and a 12-month high of C$273.05. The company’s 50-day moving average is C$259.65 and its two-hundred day moving average is C$243.02. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. The company has a market cap of C$46.49 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 2.01 and a beta of 0.57.

Insider Transactions at Intact Financial

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$253.88, for a total value of C$507,759.00. 0.24% of the stock is 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.