Intact Financial (TSE:IFC) Given New C$315.00 Price Target at Scotia

Intact Financial (TSE:IFC) had its target price decreased by equities research analysts at Scotia from C$325.00 to C$315.00 in a research report issued on Wednesday, BayStreet reports. The brokerage presently has a “sector outperform” rating on the stock. Scotia’s price objective points to a potential upside of 30.64% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Royal Bank Of Canada upped their target price on shares of Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Barclays reduced their price target on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Scotiabank decreased their price target on shares of Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. National Bank Financial upped their price objective on shares of Intact Financial from C$372.00 to C$379.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Jefferies Financial Group lifted their target price on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$329.75.

Intact Financial Trading Up 0.7%

TSE IFC traded up C$1.79 on Wednesday, reaching C$241.12. The company had a trading volume of 214,209 shares, compared to its average volume of 470,322. The stock’s 50 day moving average is C$263.55 and its 200-day moving average is C$268.50. The stock has a market cap of C$42.52 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.01 and a beta of 0.45. The company has a quick ratio of 0.28, a current ratio of 7.21 and a debt-to-equity ratio of 23.22. Intact Financial has a 52 week low of C$236.92 and a 52 week high of C$305.52.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. The firm had revenue of C$5.94 billion for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%. Equities analysts predict that Intact Financial will post 16.1721014 earnings per share for the current 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.