CIBC Increases Intact Financial (TSE:IFC) Price Target to C$134.00

Intact Financial (TSE:IFC) had its target price lifted by investment analysts at CIBC from C$120.00 to C$134.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 7.45% from the stock’s current price.

IFC has been the topic of several other reports. Raymond James restated an “average” rating and set a $4.50 price target on shares of John Hancock Financial Opprts Fund in a report on Thursday, May 9th. Desjardins restated a “buy” rating on shares of Dream Industrial REIT in a report on Thursday, May 9th. Morgan Stanley boosted their price target on shares of Intact Financial from C$125.00 to C$128.00 in a report on Thursday, May 30th. Keefe, Bruyette & Woods boosted their price target on shares of Intact Financial from C$112.00 to C$115.00 in a report on Monday, May 13th. Finally, BMO Capital Markets boosted their price target on shares of goeasy from C$55.00 to C$60.00 in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$123.55.

Intact Financial stock opened at C$124.71 on Friday. Intact Financial has a fifty-two week low of C$94.69 and a fifty-two week high of C$127.27. The stock has a market capitalization of $17.64 billion and a PE ratio of 24.11. The stock’s 50-day moving average price is C$121.83. The company has a current ratio of 0.28, a quick ratio of 0.21 and a debt-to-equity ratio of 32.96.

Intact Financial (TSE:IFC) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.73 earnings per share for the quarter, topping the consensus estimate of C$0.57 by C$0.16. The firm had revenue of C$2.66 billion for the quarter, compared to analysts’ expectations of C$2.53 billion. On average, equities analysts predict that Intact Financial will post 7.9899997 EPS for the current fiscal year.

In other Intact Financial news, Senior Officer Joseph D’annunzio sold 1,000 shares of Intact Financial stock in a transaction dated Friday, June 7th. The shares were sold at an average price of C$118.61, for a total value of C$118,610.00. Following the sale, the insider now owns 4,730 shares of the company’s stock, valued at C$561,025.30.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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