Jefferies Financial Group Boosts Intact Financial (TSE:IFC) Price Target to C$324.00

Key Points

• Jefferies raised its price target on Intact Financial to C$324.00 (from C$306.00), implying roughly a 24.93% upside from the current share price.
• Analysts hold a consensus of "Moderate Buy" with an average target of C$321.20 (1 Strong Buy, 6 Buy, 2 Hold), while individual broker targets have moved both up and down in recent months.
• Shares traded down to C$259.35 midday, below analyst targets; the stock has a market cap of C$46.05B, a P/E of 14.13, and a one‑year range of C$242.87–C$317.35.

Intact Financial (TSE:IFC - Get Free Report) had its price target upped by analysts at Jefferies Financial Group from C$306.00 to C$324.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group's target price indicates a potential upside of 24.93% from the company's current price.

Other equities analysts have also issued reports about the stock. Raymond James Financial cut their price objective on shares of Intact Financial from C$330.00 to C$310.00 in a report on Wednesday, February 11th. Barclays increased their price objective on shares of Intact Financial from C$319.00 to C$322.00 in a report on Wednesday, April 8th. Desjardins cut their price objective on shares of Intact Financial from C$305.00 to C$300.00 and set a "buy" rating on the stock in a report on Monday, April 27th. TD Securities increased their price objective on shares of Intact Financial from C$346.00 to C$354.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Finally, National Bank Financial increased their price objective on shares of Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$321.20.

Intact Financial Trading Down 0.9%

Shares of TSE IFC traded down C$2.31 during mid-day trading on Monday, hitting C$259.35. The company's stock had a trading volume of 109,901 shares, compared to its average volume of 472,788. The company's fifty day simple moving average is C$255.17 and its 200-day simple moving average is C$265.95. Intact Financial has a one year low of C$242.87 and a one year high of C$317.35. The stock has a market cap of C$46.05 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 2.01 and a beta of 0.34. 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 announced its quarterly earnings data on Tuesday, February 10th. The company reported C$5.40 earnings per share for the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. The business had revenue of C$7.10 billion for the quarter. On average, sell-side analysts anticipate 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.

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