Intact Financial (TSE:IFC) Price Target Raised to C$372.00 at National Bank Financial

Intact Financial (TSE:IFC) had its price objective upped by National Bank Financial from C$364.00 to C$372.00 in a report published on Wednesday,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on IFC. Jefferies Financial Group dropped their price target on shares of Intact Financial from C$321.00 to C$306.00 in a research report on Thursday, February 12th. Barclays raised their price objective on Intact Financial from C$319.00 to C$322.00 in a research note on Wednesday, April 8th. Raymond James Financial dropped their price objective on Intact Financial from C$330.00 to C$310.00 in a report on Wednesday, February 11th. TD Securities increased their target price on Intact Financial from C$346.00 to C$354.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Desjardins decreased their price target on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Intact Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of C$319.40.

Intact Financial Stock Up 0.9%

IFC opened at C$259.85 on Wednesday. The stock has a fifty day moving average of C$255.20 and a 200-day moving average of C$266.03. The company has a market capitalization of C$46.14 billion, a P/E ratio of 14.16, a P/E/G ratio of 2.01 and a beta of 0.34. Intact Financial has a fifty-two week low of C$242.87 and a fifty-two week high of C$317.35. The company has a debt-to-equity ratio of 25.21, a quick ratio of 0.28 and a current ratio of 6.11.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 EPS for the quarter. The business had revenue of C$7.10 billion for the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. On average, equities analysts expect that Intact Financial will post 16.1721014 EPS for the current year.

About Intact Financial

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.