Intact Financial (TSE:IFC) Price Target Cut to C$289.00 by Analysts at Royal Bank Of Canada

Intact Financial (TSE:IFC) had its price target lowered by equities research analysts at Royal Bank Of Canada from C$304.00 to C$289.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 14.02% from the stock’s current price.

A number of other brokerages have also recently weighed in on IFC. National Bank Financial lifted their price target on shares of Intact Financial from C$364.00 to C$372.00 in a research report on Wednesday, April 29th. TD Securities raised their target price on shares of Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Raymond James Financial decreased 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 report on Wednesday. Barclays increased their price target on Intact Financial from C$322.00 to C$327.00 in a report on Wednesday. Finally, Desjardins reduced their price objective on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$322.18.

Intact Financial Trading Up 1.8%

TSE:IFC traded up C$4.46 on Thursday, hitting C$253.46. 170,940 shares of the stock were exchanged, compared to its average volume of 468,927. The stock has a fifty day moving average of C$254.92 and a 200-day moving average of C$265.83. The stock has a market cap of C$45.00 billion, a PE ratio of 13.81, a PEG ratio of 2.01 and a beta of 0.33. The company has a current ratio of 6.11, a quick ratio of 0.28 and a debt-to-equity ratio of 25.21. Intact Financial has a fifty-two week low of C$242.87 and a fifty-two week high of C$317.35.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. The business had revenue of C$5.83 billion for the quarter. Intact Financial had a return on equity of 17.09% and a net margin of 12.91%. As a group, equities analysts expect that Intact Financial will post 16.1721014 earnings per share 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.