Intact Financial (TSE:IFC) Stock Gets Price Target Bump from TD

Intact Financial (TSE:IFC) had its target price hoisted by research analysts at TD from C$303.00 to C$309.00 in a research report issued on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s price objective would indicate a potential upside of 9.66% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Scotiabank dropped their target price on Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. Barclays decreased their price target on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Royal Bank Of Canada raised their price target on shares of Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. RBC Dominion Securities dropped their price objective on shares of Intact Financial from C$308.00 to C$285.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. Finally, Scotia cut their price objective on shares of Intact Financial from C$325.00 to C$315.00 and set a “sector outperform” rating for the company in a report on Wednesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Intact Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$324.62.

Intact Financial Stock Performance

TSE IFC traded up C$19.04 on Wednesday, reaching C$281.77. The stock had a trading volume of 303,702 shares, compared to its average volume of 463,685. 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 firm has a fifty day moving average of C$256.54 and a two-hundred day moving average of C$265.02. Intact Financial has a 1-year low of C$236.92 and a 1-year high of C$305.52. The company has a market cap of C$49.69 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 2.01 and a beta of 0.45.

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.