Intact Financial Co. (TSE:IFC) Stock Has Consensus Price Target of C$323.08

Shares of Intact Financial Co. (TSE:IFC) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$323.85.

A number of research analysts recently issued reports on the stock. National Bank Financial boosted their price objective on shares of Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Desjardins set a C$310.00 target price on shares of Intact Financial and gave the stock a “buy” rating in a report on Thursday. Scotia cut their target price on shares of Intact Financial from C$325.00 to C$315.00 and set a “sector outperform” rating on the stock in a report on Wednesday, October 7th. RBC Dominion Securities reduced their price target on shares of Intact Financial from C$308.00 to C$285.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada boosted their price target on shares of Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th.

Intact Financial Stock Down 0.6%

TSE:IFC opened at C$260.63 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 7.21 and a debt-to-equity ratio of 23.22. Intact Financial has a 12-month low of C$236.92 and a 12-month high of C$305.52. The stock’s fifty day simple moving average is C$256.60 and its 200-day simple moving average is C$265.09. The firm has a market capitalization of C$45.96 billion, a P/E ratio of 14.50, a P/E/G ratio of 2.01 and a beta of 0.45.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. The business had revenue of C$5.94 billion during the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%. Equities research analysts expect 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.