Intact Financial (TSE:IFC) Given New C$322.00 Price Target at Barclays

Key Points

• Barclays raised its price target on Intact Financial to C$322.00 (from C$319.00), implying a potential upside of about 29.89% from the company's current price.
• Analyst sentiment is broadly positive with a consensus rating of "Moderate Buy" and an average price target of C$318.50; TD Securities sits at the high end with a C$354 target and a "buy" rating while Raymond James and Jefferies recently trimmed their targets.
• IFC traded around C$247.91 midday, with a market cap of C$44.02B, a P/E of 13.51, and recent quarterly results showing C$5.40 EPS on C$7.10B revenue.

Intact Financial (TSE:IFC - Get Free Report) had its price target lifted by analysts at Barclays from C$319.00 to C$322.00 in a report issued on Wednesday,BayStreet.CA reports. Barclays's price objective would indicate a potential upside of 29.89% from the company's current price.

Several other brokerages have also recently weighed in on IFC. Raymond James Financial reduced their price target on Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday, February 11th. TD Securities upped their price target on Intact Financial from C$346.00 to C$354.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group reduced their price target on Intact Financial from C$321.00 to C$306.00 in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$318.50.

Intact Financial Stock Down 0.0%

IFC stock traded down C$0.07 during midday trading on Wednesday, hitting C$247.91. The stock had a trading volume of 140,773 shares, compared to its average volume of 500,576. The firm has a market cap of C$44.02 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 2.01 and a beta of 0.34. The business has a 50-day moving average of C$255.67 and a two-hundred day moving average of C$267.10. Intact Financial has a 52-week low of C$242.87 and a 52-week high of C$317.35. The company has a debt-to-equity ratio of 25.21, a current ratio of 6.11 and a quick ratio of 0.28.

Intact Financial (TSE:IFC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share for the quarter. The company had revenue of C$7.10 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 research analysts forecast that Intact Financial will post 16.1721014 earnings per share 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.

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