Intact Financial (TSE:IFC) Price Target Raised to C$261.00 at Raymond James

Intact Financial (TSE:IFC) had its price objective boosted by analysts at Raymond James from C$247.00 to C$261.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 12.88% from the company’s previous close.

Other analysts also recently issued research reports about the stock. BMO Capital Markets raised their price target on shares of Intact Financial from C$230.00 to C$240.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Desjardins lifted their price objective on shares of Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Scotiabank lifted their price objective on shares of Intact Financial from C$256.00 to C$261.00 in a report on Friday, April 26th. Royal Bank of Canada lifted their price objective on shares of Intact Financial from C$229.00 to C$236.00 and gave the stock a “sector perform” rating in a report on Monday, April 29th. Finally, CIBC boosted their price target on shares of Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$245.00.

Intact Financial Trading Up 0.7 %

Shares of IFC stock traded up C$1.66 during trading hours on Wednesday, hitting C$231.21. 207,489 shares of the company were exchanged, compared to its average volume of 298,705. Intact Financial has a 1 year low of C$188.22 and a 1 year high of C$237.25. The firm has a fifty day moving average of C$223.38 and a 200 day moving average of C$213.29. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90. The firm has a market cap of C$41.23 billion, a PE ratio of 33.01, a PEG ratio of 2.01 and a beta of 0.54.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, February 13th. The company reported C$3.47 EPS for the quarter, beating the consensus estimate of C$3.44 by C$0.03. The firm had revenue of C$6.53 billion for the quarter. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. Analysts expect that Intact Financial will post 14.526183 earnings per share for the current year.

Insider Activity at Intact Financial

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total value of C$1,583,589.00. 0.23% of the stock is currently owned by corporate insiders.

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.