Intact Financial Co. (TSE:IFC) Receives C$318.50 Average Price Target from Analysts

Intact Financial Co. (TSE:IFC) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$318.50.

A number of equities analysts have issued reports on IFC shares. Raymond James Financial lowered their price target on Intact Financial from C$330.00 to C$310.00 in a research report on Wednesday, February 11th. TD Securities increased their target price on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Barclays increased their target price on Intact Financial from C$319.00 to C$322.00 in a report on Wednesday, April 8th. Finally, Jefferies Financial Group reduced their target price on Intact Financial from C$321.00 to C$306.00 in a report on Thursday, February 12th.

Intact Financial Stock Up 1.9%

Shares of IFC opened at C$262.16 on Friday. Intact Financial has a 52 week low of C$242.87 and a 52 week high of C$317.35. The company has a quick ratio of 0.28, a current ratio of 6.11 and a debt-to-equity ratio of 25.21. The company has a market capitalization of C$46.55 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 2.01 and a beta of 0.34. The stock’s 50-day moving average price is C$255.74 and its 200-day moving average price is C$266.56.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, February 10th. The company reported C$5.40 EPS for the quarter. Intact Financial had a return on equity of 17.09% and a net margin of 12.91%.The firm had revenue of C$7.10 billion for the quarter. On average, sell-side analysts predict that Intact Financial will post 16.1721014 EPS for the current 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.