Intact Financial (TSE:IFC) Given New C$320.00 Price Target at BMO Capital Markets

Intact Financial (TSE:IFC) had its price objective upped by BMO Capital Markets from C$315.00 to C$320.00 in a report published on Thursday morning,BayStreet.CA reports.

IFC has been the topic of a number of other research reports. Barclays lifted their price target on Intact Financial from C$312.00 to C$318.00 in a research note on Wednesday. Jefferies Financial Group boosted their target price on Intact Financial from C$317.00 to C$320.00 in a research report on Thursday. CIBC cut their target price on Intact Financial from C$315.00 to C$288.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Royal Bank Of Canada decreased their price target on shares of Intact Financial from C$324.00 to C$304.00 in a research note on Thursday. Finally, Scotiabank cut their price objective on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$317.91.

Intact Financial Stock Performance

Intact Financial stock opened at C$268.13 on Thursday. Intact Financial has a fifty-two week low of C$250.28 and a fifty-two week high of C$317.35. The stock has a market cap of C$47.82 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.01 and a beta of 0.10. The firm’s fifty day moving average price is C$267.84 and its 200-day moving average price is C$288.58.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space.