Intact Financial (TSE:IFC) Stock Gets Price Target Cut from TD

Intact Financial (TSE:IFC) had its price objective trimmed by TD from C$345.00 to C$303.00 in a report published on Wednesday,BayStreet reports. The firm currently has a buy rating on the stock.

IFC has been the topic of a number of other research reports. National Bank Financial increased their target price on shares of Intact Financial from C$372.00 to C$379.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Barclays lowered their target price on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Scotia dropped their price target on shares of Intact Financial from C$325.00 to C$315.00 and set a “sector outperform” rating for the company in a research report on Wednesday, October 7th. Canadian Imperial Bank of Commerce dropped their price target on shares of Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price target on Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$323.08.

Intact Financial Trading Up 0.6%

IFC stock opened at C$253.45 on Wednesday. Intact Financial has a 52 week low of C$236.92 and a 52 week high of C$305.52. The company has a market capitalization of C$44.70 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.45. The company’s 50-day simple moving average is C$257.99 and its 200 day simple moving average is C$268.08. The company has a debt-to-equity ratio of 23.22, a quick ratio of 0.28 and a current ratio of 7.21.

Intact Financial (TSE:IFC) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 earnings per share for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. The business had revenue of C$5.94 billion during the quarter. As a group, sell-side analysts anticipate that Intact Financial will post 16.17 earnings per share 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.