Intact Financial (TSE:IFC) Price Target Increased to C$165.00 by Analysts at National Bank Financial

Intact Financial (TSE:IFC) had its price target increased by National Bank Financial from C$163.00 to C$165.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Raymond James set a C$148.00 target price on shares of Intact Financial and gave the company an outperform rating in a research note on Wednesday, May 6th. UBS Group lowered their target price on shares of Intact Financial from C$174.00 to C$170.00 in a research note on Monday, May 11th. Royal Bank of Canada lowered their target price on shares of Intact Financial from C$155.00 to C$151.00 and set an outperform rating on the stock in a research note on Thursday, July 9th. Scotiabank raised their target price on shares of Intact Financial from C$151.00 to C$155.00 in a research note on Thursday, July 23rd. Finally, TD Securities raised their target price on shares of Intact Financial from C$150.00 to C$155.00 and gave the company a buy rating in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average target price of C$154.42.

Shares of IFC opened at C$146.24 on Wednesday. The company’s fifty day moving average is C$133.65 and its 200-day moving average is C$136.32. Intact Financial has a 12 month low of C$104.81 and a 12 month high of C$157.65. The firm has a market cap of $20.91 billion and a price-to-earnings ratio of 31.31. The company has a quick ratio of 0.27, a current ratio of 0.38 and a debt-to-equity ratio of 37.27.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.42 by C$0.19. The business had revenue of C$3.03 billion for the quarter, compared to analyst estimates of C$2.67 billion. As a group, research analysts predict that Intact Financial will post 8.520001 earnings per share for the current fiscal year.

In other Intact Financial news, Senior Officer Lucie Martel sold 1,000 shares of the stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$127.68, for a total value of C$127,683.00. Following the completion of the sale, the insider now directly owns 5,712 shares of the company’s stock, valued at approximately C$729,325.30.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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