Analysts Set Intact Financial Co. (TSE:IFC) Target Price at C$321.20

Intact Financial Co. (TSE:IFC) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$322.18.

IFC has been the topic of several research reports. TD dropped their price target on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group lifted their price target on Intact Financial from C$306.00 to C$324.00 in a research report on Monday, May 4th. Raymond James Financial dropped their price target on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research report on Wednesday. Desjardins dropped 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, April 27th. Finally, National Bank Financial lifted their price target on Intact Financial from C$364.00 to C$372.00 in a research report on Wednesday, April 29th.

Intact Financial Stock Performance

Shares of IFC stock opened at C$255.00 on Wednesday. The firm has a market cap of C$45.08 billion, a P/E ratio of 13.58, a P/E/G ratio of 2.01 and a beta of 0.33. Intact Financial has a fifty-two week low of C$242.87 and a fifty-two week high of C$317.35. The business’s 50 day moving average price is C$254.76 and its 200-day moving average price is C$265.79.

Intact Financial (TSE:IFC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. The firm had revenue of C$5.83 billion for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. As a group, equities analysts predict 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.