Intact Financial (TSE:IFC – Get Free Report) had its price target lifted by research analysts at National Bankshares from C$245.00 to C$247.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 7.92% from the company’s previous close.
IFC has been the topic of a number of other reports. Scotiabank increased their target price on shares of Intact Financial from C$256.00 to C$261.00 in a report on Friday, April 26th. TD Securities increased their price objective on shares of Intact Financial from C$225.00 to C$235.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Desjardins increased their price objective on shares of Intact Financial from C$235.00 to C$238.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. BMO Capital Markets increased their price objective on shares of Intact Financial from C$230.00 to C$240.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada increased their price objective on shares of Intact Financial from C$229.00 to C$236.00 and gave the stock a “sector perform” rating in a report on Monday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$240.11.
Check Out Our Latest Analysis on Intact Financial
Intact Financial Trading Up 1.1 %
Intact Financial (TSE:IFC – Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.44 by C$0.03. The company had revenue of C$6.53 billion for the quarter. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. As a group, research analysts predict that Intact Financial will post 14.4651774 earnings per share for the current fiscal year.
Insider Buying and Selling at Intact Financial
In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$226.23, for a total transaction of C$1,583,589.00. 0.23% of the stock is owned by corporate insiders.
About Intact Financial
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.
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