Intact Financial (TSE:IFC) PT Raised to C$269.00 at Raymond James

Intact Financial (TSE:IFC) had its price objective lifted by research analysts at Raymond James from C$261.00 to C$269.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 7.83% from the company’s current price.

Several other brokerages have also recently weighed in on IFC. TD Securities lifted their price target on Intact Financial from C$250.00 to C$258.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Cormark boosted their price target on Intact Financial from C$243.00 to C$250.00 and gave the company a “buy” rating in a report on Friday, July 26th. National Bankshares upped their target price on Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets upped their price target on Intact Financial from C$240.00 to C$250.00 in a research note on Thursday, May 9th. Finally, Scotiabank increased their price target on Intact Financial from C$264.00 to C$272.00 in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Intact Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$253.09.

Intact Financial Trading Up 2.0 %

TSE IFC traded up C$4.79 during trading hours on Wednesday, hitting C$249.47. 145,724 shares of the company’s stock were exchanged, compared to its average volume of 290,899. The stock has a 50-day simple moving average of C$231.09 and a 200 day simple moving average of C$224.46. The firm has a market cap of C$44.48 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.01 and a beta of 0.53. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 32.83. Intact Financial has a 1-year low of C$188.22 and a 1-year high of C$263.74.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.43 by C$0.20. The company had revenue of C$7.06 billion for the quarter, compared to analyst estimates of C$8.33 billion. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%. On average, equities analysts forecast that Intact Financial will post 14.6728435 EPS for the current fiscal year.

Insider Transactions at Intact Financial

In other news, Senior Officer Louis Marcotte sold 300 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$228.61, for a total value of C$68,583.00. In other Intact Financial news, Senior Officer Louis Marcotte sold 300 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$228.61, for a total transaction of C$68,583.00. Also, Senior Officer Louis Gagnon sold 10,000 shares of Intact Financial stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$229.56, for a total value of C$2,295,607.00. Over the last three months, insiders have sold 32,500 shares of company stock valued at $7,377,706. 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.