RBC Dominion Securities Has Lowered Expectations for Intact Financial (TSE:IFC) Stock Price

Intact Financial (TSE:IFC) had its price target dropped by analysts at RBC Dominion Securities from C$308.00 to C$285.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. RBC Dominion Securities’ price objective suggests a potential upside of 13.34% from the stock’s current price.

Several other analysts have also issued reports on IFC. Jefferies Financial Group upped their price target on shares of Intact Financial from C$343.00 to C$351.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada lifted their price objective on Intact Financial from C$299.00 to C$308.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. National Bank Financial lifted their price objective on Intact Financial from C$372.00 to C$379.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. TD lowered their target price on Intact Financial from C$345.00 to C$303.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Scotiabank dropped their target price on 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. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$323.08.

Intact Financial Trading Up 2.9%

Shares of Intact Financial stock traded up C$7.16 during trading on Thursday, reaching C$251.45. The company’s stock had a trading volume of 204,894 shares, compared to its average volume of 468,736. 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. The firm’s 50-day moving average is C$259.07 and its two-hundred day moving average is C$268.14. The company has a market cap of C$44.34 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 2.01 and a beta of 0.45.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, July 28th. The company reported C$4.33 EPS for the quarter. The company had revenue of C$5.94 billion for the quarter. Intact Financial had a net margin of 12.04% and a return on equity of 15.73%. On average, sell-side analysts anticipate that Intact Financial will post 16.17 earnings per share for the current year.

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