Intact Financial (IFC) Hits New 52-Week High at $107.78
Intact Financial Co. (TSE:IFC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$107.78 and last traded at C$107.69, with a volume of 182879 shares trading hands. The stock had previously closed at C$106.07.
IFC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on Intact Financial from C$105.00 to C$110.00 in a research note on Friday, August 3rd. CIBC raised their price target on Intact Financial from C$103.00 to C$110.00 in a report on Thursday, August 2nd. BMO Capital Markets raised their price target on Intact Financial from C$114.00 to C$117.00 in a report on Thursday, August 2nd. Barclays lowered their price target on Intact Financial from C$110.00 to C$106.00 in a report on Friday, July 20th. Finally, TD Securities raised their price target on Intact Financial from C$110.00 to C$115.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Intact Financial presently has a consensus rating of “Buy” and a consensus price target of C$109.10.
Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, July 31st. The company reported C$1.38 EPS for the quarter, beating analysts’ consensus estimates of C$1.22 by C$0.16. The company had revenue of C$2.63 billion for the quarter, compared to analyst estimates of C$2.53 billion. Intact Financial had a return on equity of 13.53% and a net margin of 8.93%.
Intact Financial Company Profile (TSE:IFC)
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.
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