Intact Financial Co. (TSE:IFC) Receives C$322.18 Average Target Price from Analysts

Shares of Intact Financial Co. (TSE:IFC) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$322.18.

A number of equities analysts have recently commented on IFC shares. Jefferies Financial Group raised their price objective on Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. Desjardins reduced 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. Raymond James Financial lowered their price objective on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Barclays increased their price objective on shares of Intact Financial from C$322.00 to C$327.00 in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada lowered their price objective on shares of Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th.

Intact Financial Stock Performance

Intact Financial stock opened at C$292.00 on Thursday. The stock’s 50-day moving average is C$268.62 and its 200-day moving average is C$265.54. The company has a market cap of C$51.62 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 2.01 and a beta of 0.32. The company has a debt-to-equity ratio of 23.33, a current ratio of 1.69 and a quick ratio of 0.28. Intact Financial has a 12 month low of C$242.87 and a 12 month high of C$317.35.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. The company 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%. Equities analysts anticipate that Intact Financial will post 16.1721014 earnings per share for the current 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.