Intact Financial (TSE:IFC) Stock Gets Price Target Trim from Scotia

Intact Financial (TSE:IFC) had its price target decreased by Scotia from C$325.00 to C$315.00 in a research report released on Wednesday,BayStreet reports. Scotia currently has a sector outperform rating on the stock.

Several other brokerages have also issued reports on IFC. National Bank Financial raised their price objective on Intact Financial from C$372.00 to C$379.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Scotiabank reduced 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 target price on Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Royal Bank Of Canada raised their price target on Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Finally, TD cut their price target on Intact Financial from C$347.00 to C$345.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$329.75.

Intact Financial Trading Down 0.0%

Shares of Intact Financial stock opened at C$242.29 on Wednesday. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. The company has a fifty day simple moving average of C$261.26 and a 200-day simple moving average of C$268.19. The stock has a market cap of C$42.73 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 2.01 and a beta of 0.45. Intact Financial has a 12-month low of C$236.92 and a 12-month high of C$305.52.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. The firm had revenue of C$5.94 billion for the quarter. On average, equities analysts forecast that Intact Financial will post 16.17 EPS for the current fiscal 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.