Intact Financial (TSE:IFC – Get Free Report) had its target price raised by investment analysts at Jefferies Financial Group from C$241.00 to C$264.00 in a report issued on Thursday, BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 7.48% from the company’s current price.
Other analysts have also issued reports about the company. Cormark raised their price objective on Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a report on Thursday. Scotiabank lifted their price target on Intact Financial from C$264.00 to C$272.00 in a research note on Wednesday, July 24th. Royal Bank of Canada upped their price target on Intact Financial from C$226.00 to C$243.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. BMO Capital Markets lifted their price objective on Intact Financial from C$240.00 to C$250.00 in a research report on Thursday, May 9th. Finally, Raymond James raised their target price on Intact Financial from C$261.00 to C$269.00 and gave the stock an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$260.18.
Get Our Latest Stock Report on Intact Financial
Intact Financial Stock Performance
Intact Financial (TSE:IFC – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, beating the consensus estimate of C$3.43 by C$0.20. The company had revenue of C$7.06 billion during the quarter, compared to analysts’ expectations of C$8.33 billion. Intact Financial had a return on equity of 10.00% and a net margin of 5.55%. As a group, sell-side analysts forecast that Intact Financial will post 14.6728435 EPS for the current fiscal year.
Insider Buying and Selling
In other Intact Financial news, Senior Officer Frédéric Cotnoir sold 2,200 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$228.12, for a total transaction of C$501,861.80. In other Intact Financial news, Senior Officer Louis Gagnon sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$229.56, for a total transaction of C$2,295,607.00. Also, Senior Officer Frédéric Cotnoir sold 2,200 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$228.12, for a total value of C$501,861.80. Insiders sold 32,500 shares of company stock worth $7,377,706 in the last ninety days. Insiders own 0.23% of the company’s stock.
About Intact Financial
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.
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