Intact Financial (TSE:IFC – Get Free Report) had its price objective upped by research analysts at Royal Bank of Canada from C$226.00 to C$243.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 5.10% from the company’s previous close.
Other research analysts have also issued research reports about the company. CIBC boosted their target price on Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Desjardins upped their target price on Intact Financial from C$235.00 to C$238.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. BMO Capital Markets increased their price objective on Intact Financial from C$230.00 to C$240.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. National Bankshares increased their target price on Intact Financial from C$245.00 to C$247.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Finally, Raymond James raised their price objective on Intact Financial from C$247.00 to C$261.00 and gave the stock an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$245.00.
Get Our Latest Research Report on IFC
Intact Financial Trading Up 0.7 %
Intact Financial (TSE:IFC – Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, topping analysts’ consensus estimates of C$3.44 by C$0.03. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. The business had revenue of C$6.53 billion during the quarter. On average, analysts anticipate that Intact Financial will post 14.526183 earnings per share for the current year.
Insider Buying and Selling
In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of Intact Financial stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total value of C$1,583,589.00. 0.23% of the stock is currently owned by corporate insiders.
About Intact Financial
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.
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