TD Securities Cuts Intact Financial (TSE:IFC) Price Target to C$346.00

Intact Financial (TSE:IFC) had its target price decreased by TD Securities from C$359.00 to C$346.00 in a report published on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on IFC. Royal Bank Of Canada cut their price target on shares of Intact Financial from C$329.00 to C$324.00 and set a “sector perform” rating on the stock in a report on Thursday, July 31st. Scotiabank upped their price objective on Intact Financial from C$318.00 to C$325.00 in a research report on Wednesday, July 23rd. Jefferies Financial Group raised Intact Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$316.00 to C$317.00 in a report on Tuesday. National Bankshares upped their price target on Intact Financial from C$341.00 to C$350.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Finally, BMO Capital Markets increased their price objective on Intact Financial from C$330.00 to C$335.00 in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$320.30.

Intact Financial Stock Performance

Shares of IFC stock opened at C$262.70 on Wednesday. Intact Financial has a one year low of C$250.28 and a one year high of C$317.35. The company’s 50-day moving average is C$270.35 and its 200 day moving average is C$289.93. The company has a market capitalization of C$46.85 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 2.01 and a beta of 0.14.

Intact Financial Company Profile

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space.