Intact Financial (TSE:IFC) Price Target Raised to C$247.00 at National Bankshares

Intact Financial (TSE:IFC) had its target price boosted by investment analysts at National Bankshares from C$245.00 to C$247.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 8.60% from the stock’s current price.

IFC has been the topic of a number of other research reports. Scotiabank raised their price target on Intact Financial from C$256.00 to C$261.00 in a report on Friday. CIBC raised their price objective on shares of Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. TD Securities lifted their price target on shares of Intact Financial from C$225.00 to C$235.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada lifted their price target on shares of Intact Financial from C$229.00 to C$236.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, BMO Capital Markets lifted their price target on shares of Intact Financial from C$230.00 to C$240.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$240.11.

Intact Financial Trading Up 0.4 %

TSE:IFC traded up C$0.98 during trading hours on Tuesday, reaching C$227.43. 128,471 shares of the stock were exchanged, compared to its average volume of 297,687. The company has a market capitalization of C$40.56 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 2.01 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90. Intact Financial has a twelve month low of C$188.22 and a twelve month high of C$237.25. The business has a 50-day moving average of C$223.56 and a two-hundred day moving average of C$212.00.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.44 by C$0.03. The company had revenue of C$6.53 billion for the quarter. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. On average, equities analysts predict that Intact Financial will post 14.4651774 EPS for the current year.

Insider Activity

In other news, Senior Officer Benoit Morissette sold 7,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. Corporate insiders own 0.23% of the company’s stock.

Intact Financial Company Profile

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.