Intact Financial (TSE:IFC) PT Raised to C$260.00

Intact Financial (TSE:IFC) had its target price upped by stock analysts at Cormark from C$250.00 to C$260.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Cormark’s price objective would indicate a potential upside of 3.63% from the company’s current price.

A number of other analysts have also issued reports on the stock. National Bankshares boosted their price target on shares of Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Monday. Royal Bank of Canada raised their price target on shares of Intact Financial from C$226.00 to C$243.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. Raymond James upped their price objective on Intact Financial from C$261.00 to C$269.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities increased their price objective on Intact Financial from C$270.00 to C$282.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Scotiabank boosted their target price on Intact Financial from C$264.00 to C$272.00 in a research note on Wednesday, July 24th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$254.00.

Intact Financial Stock Performance

TSE IFC opened at C$250.90 on Thursday. The stock has a market cap of C$44.74 billion, a PE ratio of 29.14, a P/E/G ratio of 2.01 and a beta of 0.53. Intact Financial has a twelve month low of C$188.22 and a twelve month high of C$263.74. The stock has a fifty day simple moving average of C$231.56 and a 200-day simple moving average of C$224.65. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 32.83.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$3.63 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.43 by C$0.20. Intact Financial had a net margin of 5.55% and a return on equity of 10.00%. The firm had revenue of C$7.06 billion during the quarter, compared to analysts’ expectations of C$8.33 billion. Equities analysts anticipate that Intact Financial will post 14.6728435 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer Louis Gagnon sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$223.08, for a total value of C$2,230,768.00. In other news, Senior Officer Louis Gagnon sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$223.08, for a total value of C$2,230,768.00. Also, Senior Officer Frédéric Cotnoir sold 2,200 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of C$228.12, for a total transaction of C$501,861.80. Insiders have sold 32,500 shares of company stock worth $7,377,706 in the last quarter. 0.23% of the stock is owned by insiders.

About Intact Financial

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.