Intact Financial (TSE:IFC) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Intact Financial (TSE:IFC) had its price objective hoisted by Jefferies Financial Group from C$343.00 to C$351.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 18.19% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Desjardins decreased their target price on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. National Bank Financial increased 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. Raymond James Financial cut their price target on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on Intact Financial from C$289.00 to C$299.00 and gave the company a “sector perform” rating in a research note on Monday, July 13th. Finally, Barclays raised their target price on Intact Financial from C$322.00 to C$327.00 in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$328.55.

Intact Financial Stock Performance

IFC stock traded up C$3.52 during midday trading on Monday, hitting C$296.98. The stock had a trading volume of 118,210 shares, compared to its average volume of 453,882. Intact Financial has a 52 week low of C$242.87 and a 52 week high of C$310.84. The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 23.33. The stock has a 50-day simple moving average of C$283.89 and a 200 day simple moving average of C$267.17. The firm has a market capitalization of C$52.50 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 2.01 and a beta of 0.29.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. The firm had revenue of C$5.83 billion for the quarter. As a group, equities research analysts anticipate that Intact Financial will post 16.1721014 earnings per share for the current year.

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.