Barclays Cuts Intact Financial (TSE:IFC) Price Target to C$344.00

Intact Financial (TSE:IFC) had its target price lowered by Barclays from C$352.00 to C$344.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an overweight rating on the stock.

Several other equities analysts have also commented on IFC. Jefferies Financial Group upped their price objective on shares of Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Royal Bank Of Canada raised their target price on Intact Financial from C$289.00 to C$299.00 and gave the company a “sector perform” rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce lifted their target price on Intact Financial from C$288.00 to C$314.00 in a research report on Friday, July 10th. TD cut their price target on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Desjardins decreased their price target on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$331.09.

Intact Financial Price Performance

Intact Financial stock opened at C$275.25 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 stock has a market cap of C$48.54 billion, a P/E ratio of 15.31, a PEG ratio of 2.01 and a beta of 0.29. The company has a 50-day moving average price of C$285.52 and a 200 day moving average price of C$267.58. Intact Financial has a 12-month low of C$242.87 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 earnings per share (EPS) for the quarter. The business had revenue of C$5.94 billion during the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. Sell-side analysts anticipate that Intact Financial will post 16.1721014 earnings per share 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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.