Intact Financial (TSE:IFC) Price Target Increased to C$165.00 by Analysts at National Bank Financial

Intact Financial (TSE:IFC) had its price target lifted by National Bank Financial from C$163.00 to C$165.00 in a research note released on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently issued reports on IFC. Royal Bank of Canada decreased their price objective on shares of Intact Financial from C$155.00 to C$151.00 and set an outperform rating for the company in a report on Thursday, July 9th. UBS Group decreased their price objective on shares of Intact Financial from C$174.00 to C$170.00 in a report on Monday, May 11th. Raymond James set a C$148.00 price objective on shares of Intact Financial and gave the company an outperform rating in a report on Wednesday, May 6th. Scotiabank boosted their price objective on shares of Intact Financial from C$151.00 to C$155.00 in a report on Thursday, July 23rd. Finally, TD Securities boosted their price objective on shares of Intact Financial from C$150.00 to C$155.00 and gave the company a buy rating in a report on Wednesday. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of C$154.42.

Shares of TSE:IFC opened at C$146.24 on Wednesday. Intact Financial has a one year low of C$104.81 and a one year high of C$157.65. The company has a 50 day moving average of C$133.65 and a 200-day moving average of C$136.32. The company has a debt-to-equity ratio of 37.27, a current ratio of 0.38 and a quick ratio of 0.27. The stock has a market cap of $20.91 billion and a price-to-earnings ratio of 31.31.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$1.61 EPS for the quarter, topping the consensus estimate of C$1.42 by C$0.19. The business had revenue of C$3.03 billion for the quarter, compared to analyst estimates of C$2.67 billion. Equities research analysts anticipate that Intact Financial will post 8.520001 earnings per share for the current year.

In other Intact Financial news, Senior Officer Lucie Martel sold 1,000 shares of Intact Financial stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$127.68, for a total value of C$127,683.00. Following the transaction, the insider now owns 5,712 shares of the company’s stock, valued at C$729,325.30.

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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