Intact Financial Co. (TSE:IFC) Stock Has Consensus Target Price of C$323.08

Intact Financial Co. (TSE:IFC) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$323.85.

A number of research firms have recently issued reports on IFC. Canadian Imperial Bank of Commerce lowered their price objective on Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Raymond James Financial dropped their price objective on Intact Financial from C$335.00 to C$305.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. RBC Dominion Securities dropped their target price on shares of Intact Financial from C$308.00 to C$285.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. Jefferies Financial Group raised their price target on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, National Bank Financial raised their price target on shares of Intact Financial from C$372.00 to C$379.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th.

Intact Financial Stock Performance

Shares of Intact Financial stock opened at C$260.63 on Wednesday. Intact Financial has a 12 month low of C$236.92 and a 12 month high of C$305.52. The company has a debt-to-equity ratio of 23.22, a current ratio of 7.21 and a quick ratio of 0.28. The stock has a market capitalization of C$45.96 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.01 and a beta of 0.45. The firm’s fifty day simple moving average is C$256.60 and its 200-day simple moving average is C$265.09.

Intact Financial Company Profile

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.