Intact Financial (TSE:IFC) Given New C$322.00 Price Target at Barclays

Intact Financial (TSE:IFC) had its price objective hoisted by Barclays from C$319.00 to C$322.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Barclays‘s price target suggests a potential upside of 29.89% from the company’s previous close.

A number of other research analysts also recently issued reports on IFC. Jefferies Financial Group lowered their price target on Intact Financial from C$321.00 to C$306.00 in a report on Thursday, February 12th. Raymond James Financial lowered their price target on Intact Financial from C$330.00 to C$310.00 in a report on Wednesday, February 11th. Finally, TD Securities upped their price target on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Intact Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$318.50.

Intact Financial Stock Down 0.0%

Shares of TSE IFC traded down C$0.07 during trading on Wednesday, reaching C$247.91. The company had a trading volume of 140,773 shares, compared to its average volume of 500,576. Intact Financial has a 12-month low of C$242.87 and a 12-month high of C$317.35. The stock has a market cap of C$44.02 billion, a PE ratio of 13.51, a P/E/G ratio of 2.01 and a beta of 0.34. The business’s 50-day moving average is C$255.67 and its 200 day moving average is C$267.10. The company has a quick ratio of 0.28, a current ratio of 6.11 and a debt-to-equity ratio of 25.21.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, February 10th. The company reported C$5.40 EPS for the quarter. Intact Financial had a return on equity of 17.09% and a net margin of 12.91%.The firm had revenue of C$7.10 billion for the quarter. As a group, equities analysts forecast that Intact Financial will post 16.1721014 earnings per share for the current fiscal year.

About Intact Financial

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.