Intact Financial (TSE:IFC) Price Target Raised to C$242.00

Intact Financial (TSE:IFC - Get Free Report) had its price target lifted by equities research analysts at Jefferies Financial Group from C$231.00 to C$242.00 in a report released on Thursday, BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 5.84% from the stock's previous close.

Other analysts also recently issued reports about the company. Scotiabank lifted their target price on Intact Financial from C$261.00 to C$264.00 in a research report on Thursday. National Bankshares lifted their target price on Intact Financial from C$247.00 to C$260.00 in a research report on Thursday. Desjardins lifted their target price on Intact Financial from C$235.00 to C$238.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Royal Bank of Canada lifted their target price on Intact Financial from C$226.00 to C$243.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, Raymond James boosted their target price on shares of Intact Financial from C$247.00 to C$261.00 and gave the stock an "outperform" rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$247.30.

Intact Financial Price Performance

Shares of TSE IFC traded down C$3.81 during mid-day trading on Thursday, hitting C$228.65. 270,228 shares of the company's stock traded hands, compared to its average volume of 300,704. The company has a market capitalization of C$40.77 billion, a P/E ratio of 32.66, a PEG ratio of 2.01 and a beta of 0.54. Intact Financial has a 1 year low of C$188.22 and a 1 year high of C$237.25. The company has a debt-to-equity ratio of 34.90, a current ratio of 0.38 and a quick ratio of 0.28. The company's 50-day moving average is C$223.54 and its two-hundred day moving average is C$213.53.

Intact Financial (TSE:IFC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$3.44 by C$0.03. The company had revenue of C$6.53 billion during the quarter. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. On average, equities analysts anticipate that Intact Financial will post 14.526183 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intact Financial news, Senior Officer Benoit Morissette sold 7,000 shares of the business's stock in a transaction that occurred on 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 insiders.

Intact Financial Company Profile

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.