Intact Financial Co. (TSE:IFC) Receives C$317.91 Average Price Target from Analysts

Intact Financial Co. (TSE:IFC) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$317.91.

Several research analysts have recently commented on IFC shares. Jefferies Financial Group lifted their price target on Intact Financial from C$317.00 to C$320.00 in a report on Thursday, November 6th. BMO Capital Markets raised their price objective on shares of Intact Financial from C$315.00 to C$320.00 in a research report on Thursday, November 6th. Desjardins decreased their target price on shares of Intact Financial from C$335.00 to C$305.00 and set a “buy” rating on the stock in a report on Friday, October 24th. Scotiabank cut their price target on shares of Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Finally, TD Securities reduced their price target on shares of Intact Financial from C$359.00 to C$346.00 in a research report on Wednesday, October 22nd.

Intact Financial Price Performance

Shares of Intact Financial stock opened at C$277.23 on Thursday. The stock’s 50 day simple moving average is C$279.90 and its 200-day simple moving average is C$281.69. The stock has a market cap of C$49.26 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.01 and a beta of 0.14. Intact Financial has a 1-year low of C$250.28 and a 1-year high of C$317.35.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$4.46 EPS for the quarter. The firm had revenue of C$6.45 billion during the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. As a group, research analysts expect that Intact Financial will post 16.1721014 EPS for the current fiscal year.

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.