TD Cuts Intact Financial (TSE:IFC) Price Target to C$347.00

Intact Financial (TSE:IFC) had its price objective trimmed by TD from C$354.00 to C$347.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also commented on the company. Jefferies Financial Group upped their target price on Intact Financial from C$306.00 to C$324.00 in a research note on Monday, May 4th. National Bank Financial upped their target price on Intact Financial from C$364.00 to C$372.00 in a research note on Wednesday, April 29th. Barclays upped their target price on Intact Financial from C$322.00 to C$327.00 in a research note on Wednesday. TD Securities upped their target price on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Raymond James Financial cut their target price on Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$322.18.

Intact Financial Trading Up 0.9%

Shares of TSE IFC opened at C$255.00 on Wednesday. The business has a fifty day simple moving average of C$254.76 and a 200 day simple moving average of C$265.79. The firm has a market capitalization of C$45.08 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.01 and a beta of 0.33. Intact Financial has a one year low of C$242.87 and a one year high of C$317.35.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. The business had revenue of C$5.83 billion during the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. On average, research analysts anticipate that Intact Financial will post 16.1721014 earnings per share 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.