Analysts Set Intact Financial Co. (TSE:IFC) Target Price at C$317.91

Intact Financial Co. (TSE:IFC) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$317.91.

Several equities research analysts have recently commented on IFC shares. Royal Bank Of Canada reduced their price objective on Intact Financial from C$324.00 to C$304.00 in a research note on Thursday, November 6th. Jefferies Financial Group boosted their price target on Intact Financial from C$317.00 to C$320.00 in a report on Thursday, November 6th. Desjardins reduced their price target on Intact Financial from C$335.00 to C$305.00 and set a “buy” rating for the company in a research report on Friday, October 24th. CIBC decreased their price objective on Intact Financial from C$315.00 to C$288.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Finally, National Bankshares boosted their price objective on Intact Financial from C$352.00 to C$358.00 and gave the company an “outperform” rating in a research note on Monday, October 27th.

Intact Financial Stock Down 0.2%

Shares of TSE:IFC opened at C$285.18 on Thursday. The stock has a market capitalization of C$50.67 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.18. The firm’s 50 day moving average price is C$278.81 and its 200-day moving average price is C$282.23. Intact Financial has a twelve month low of C$250.28 and a twelve month high of C$317.35.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, November 4th. The company reported C$4.46 EPS for the quarter. The business had revenue of C$6.45 billion during the quarter. Intact Financial had a net margin of 8.60% and a return on equity of 13.13%. Analysts expect that Intact Financial will post 16.1721014 earnings per share for the current fiscal year.

About Intact Financial

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.