Intact Financial (TSE:IFC) Given New C$310.00 Price Target at Raymond James Financial

Intact Financial (TSE:IFC) had its price target lowered by research analysts at Raymond James Financial from C$330.00 to C$310.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Raymond James Financial’s price objective suggests a potential upside of 20.72% from the company’s current price.

IFC has been the topic of several other reports. Scotiabank reduced their price target on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Canadian Imperial Bank of Commerce dropped their price objective on shares of Intact Financial from C$315.00 to C$288.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. BMO Capital Markets upped their target price on shares of Intact Financial from C$315.00 to C$320.00 in a research note on Thursday, November 6th. Royal Bank Of Canada cut their price objective on shares of Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. Finally, TD Securities decreased their price objective on shares of Intact Financial from C$359.00 to C$346.00 in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Intact Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of C$316.82.

Intact Financial Stock Performance

Shares of TSE:IFC traded down C$6.75 during midday trading on Wednesday, hitting C$256.80. 413,069 shares of the company’s stock traded hands, compared to its average volume of 491,413. Intact Financial has a twelve month low of C$244.01 and a twelve month high of C$317.35. The company has a market cap of C$45.63 billion, a PE ratio of 15.39, a P/E/G ratio of 2.01 and a beta of 0.07. The firm’s fifty day moving average price is C$272.50 and its two-hundred day moving average price is C$273.80.

Intact Financial (TSE:IFC) last issued its quarterly earnings data on Tuesday, November 4th. The company reported C$4.46 EPS for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%.The company had revenue of C$6.45 billion for the quarter. As a group, equities research analysts anticipate that Intact Financial will post 16.1721014 EPS for the current fiscal 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.