Intact Financial - IFC Stock Forecast, Price & News

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences. The company also provides insurance products for commercial lines for a group of small and medium sized businesses; commercial property insurance for the protection of physical assets of the business; and liability coverages comprising commercial general, product, and professional liability, as well as cyber endorsement. In addition, it offers commercial vehicle insurance coverages for the protection for commercial auto, fleets, garage operations, light trucks, public vehicles, and the specific needs of the sharing economy. Further, the company provides various personal levels of coverage to customers for their home, motor, pet, and other insurance products; general insurance, specialty lines, and risk management solutions; specialty insurance products for various product and customer groups, including accident and health, technology, ocean and inland marine, public entities, and entertainment, as well as financial services and institutions; and various products to specialty property, surety, tuition reimbursement, management liability, cyber, and environmental institutions. The company was formerly known as ING Canada Inc. and changed its name to Intact Financial Corporation in 2009. Intact Financial Corporation was founded in 1809 and is based in Toronto, Canada.

Analysts Set New Price Targets

IFC has been the subject of a number of analyst reports. Cormark lowered their target price on Intact Financial from C$210.00 to C$200.00 in a report on Tuesday, August 2nd. Scotiabank upped their target price on Intact Financial from C$195.00 to C$210.00 in a report on Tuesday, August 2nd. TD Securities upped their target price on Intact Financial from C$215.00 to C$220.00 and gave the stock a "buy" rating in a report on Friday, July 29th. Raymond James upped their target price on Intact Financial from C$206.00 to C$229.00 and gave the stock a "strong-buy" rating in a report on Tuesday, August 2nd. Finally, National Bankshares upped their target price on Intact Financial from C$227.00 to C$230.00 and gave the stock an "outperform" rating in a report on Friday, July 29th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$201.43.

Intact Financial Price Performance

IFC traded up C$1.35 during trading on Monday, reaching C$192.75. The company's stock had a trading volume of 96,325 shares, compared to its average volume of 396,585. The company has a quick ratio of 0.27, a current ratio of 0.44 and a debt-to-equity ratio of 30.85. The firm has a fifty day simple moving average of C$182.92 and a two-hundred day simple moving average of C$181.42. Intact Financial has a 1 year low of C$158.00 and a 1 year high of C$193.10. The company has a market cap of C$33.83 billion and a price-to-earnings ratio of 13.34.

Intact Financial (TSE:IFC - Get Rating) last released its earnings results on Thursday, July 28th. The company reported C$7.29 earnings per share for the quarter, topping analysts' consensus estimates of C$2.84 by C$4.45. The business had revenue of C$5.34 billion during the quarter. As a group, analysts anticipate that Intact Financial will post 12.9300005 EPS for the current year.