Intact Financial (TSE:IFC) Price Target Raised to C$327.00 at Barclays

Key Points

• Barclays raised its price target on Intact Financial to C$327.00 (from C$322.00), implying roughly a 32.23% upside from the then-current share price.
• Intact shares tumbled 4.6% to C$247.29 on the day, trading with a market cap of C$43.91 billion and below its 50‑ and 200‑day moving averages.
• Analysts hold a consensus “Moderate Buy” with a mean target of C$323.55 (1 Strong Buy, 7 Buy, 2 Hold); the company recently reported quarterly EPS of C$4.61 and revenue of C$5.83 billion.

Intact Financial (TSE:IFC - Get Free Report) had its price target raised by equities researchers at Barclays from C$322.00 to C$327.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Barclays's price objective points to a potential upside of 32.23% from the stock's current price.

IFC has been the subject of several other reports. Raymond James Financial lowered their target price on Intact Financial from C$330.00 to C$310.00 in a research report on Wednesday, February 11th. TD Securities lifted their price objective on Intact Financial from C$346.00 to C$354.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. Desjardins lowered their price objective on 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. Jefferies Financial Group lifted their price objective on Intact Financial from C$306.00 to C$324.00 in a research report on Monday. Finally, National Bank Financial lifted their price objective on Intact Financial from C$364.00 to C$372.00 in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Intact Financial has a consensus rating of "Moderate Buy" and a consensus target price of C$323.55.

Intact Financial Trading Down 4.6%

Intact Financial stock traded down C$11.81 during trading hours on Wednesday, hitting C$247.29. The stock had a trading volume of 250,843 shares, compared to its average volume of 469,678. The stock has a market cap of C$43.91 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 2.01 and a beta of 0.33. The company has a quick ratio of 0.28, a current ratio of 6.11 and a debt-to-equity ratio of 25.21. Intact Financial has a one year low of C$242.87 and a one year high of C$317.35. The business's 50 day simple moving average is C$255.12 and its 200-day simple moving average is C$265.91.

Intact Financial (TSE:IFC - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. The business had revenue of C$5.83 billion during the quarter. Intact Financial had a return on equity of 17.09% and a net margin of 12.91%. On average, equities analysts predict that Intact Financial will post 16.1721014 EPS 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.

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