Analysts Set Intact Financial Co. (TSE:IFC) Target Price at C$317.91

Shares of Intact Financial Co. (TSE:IFC) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$317.91.

IFC has been the topic of several recent analyst reports. TD Securities reduced their price objective on shares of Intact Financial from C$359.00 to C$346.00 in a research note on Wednesday, October 22nd. Royal Bank Of Canada lowered their price target on Intact Financial from C$324.00 to C$304.00 in a research report on Thursday, November 6th. Scotiabank cut their price objective on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. Desjardins reduced their price target on Intact Financial from C$335.00 to C$305.00 and set a “buy” rating for the company in a report on Friday, October 24th. Finally, Barclays lifted their price objective on Intact Financial from C$312.00 to C$318.00 in a report on Wednesday, November 5th.

Intact Financial Stock Up 0.4%

TSE IFC opened at C$282.54 on Friday. Intact Financial has a fifty-two week low of C$250.28 and a fifty-two week high of C$317.35. The business has a fifty day moving average of C$272.90 and a 200-day moving average of C$284.96. The stock has a market cap of C$50.20 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.01 and a beta of 0.18.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$4.46 EPS for the quarter. The firm had revenue of C$6.45 billion during the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. As a group, analysts anticipate that Intact Financial will post 16.1721014 EPS for the current 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.