Intact Financial (TSE:IFC) Reaches New 1-Year Low – What’s Next?

Intact Financial Co. (TSE:IFC) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$22.80 and last traded at C$250.69, with a volume of 69980 shares traded. The stock had previously closed at C$250.76.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IFC shares. Jefferies Financial Group upped their price objective on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Royal Bank Of Canada raised their target price on shares of Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Scotiabank reduced their price target 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. National Bank Financial boosted their price target on 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. Finally, TD dropped their price objective on Intact Financial from C$347.00 to C$345.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$331.09.

Intact Financial Trading Up 0.0%

The firm’s fifty day simple moving average is C$272.17 and its 200 day simple moving average is C$269.02. The stock has a market capitalization of C$44.23 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 2.01 and a beta of 0.26. The company has a debt-to-equity ratio of 23.22, a quick ratio of 0.28 and a current ratio of 7.21.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 earnings per share for the quarter. The business had revenue of C$5.94 billion during the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%. As a group, equities research analysts forecast that Intact Financial Co. will post 16.1721014 EPS 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.