Intact Financial (TSE:IFC) Given New C$229.00 Price Target at Raymond James

Intact Financial (TSE:IFCGet Rating) had its target price increased by Raymond James from C$206.00 to C$229.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The firm currently has a strong-buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Barclays lowered their price target on Intact Financial from C$212.00 to C$208.00 and set a na rating on the stock in a research report on Tuesday, July 26th. TD Securities increased their price target on Intact Financial from C$215.00 to C$220.00 and gave the stock a buy rating in a research report on Friday, July 29th. Scotiabank lowered their price target on Intact Financial from C$207.00 to C$195.00 in a research report on Tuesday, June 28th. Royal Bank of Canada increased their price target on Intact Financial from C$216.00 to C$219.00 and gave the stock an outperform rating in a research report on Friday, July 29th. Finally, National Bankshares increased their price target on Intact Financial from C$227.00 to C$230.00 and gave the stock an outperform rating in a research report on Friday, July 29th. Eight investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Buy and an average target price of C$214.21.

Intact Financial Stock Down 1.8 %

Shares of IFC opened at C$187.26 on Tuesday. Intact Financial has a 52 week low of C$158.00 and a 52 week high of C$191.56. The company has a quick ratio of 0.24, a current ratio of 0.43 and a debt-to-equity ratio of 37.07. The company has a market capitalization of C$32.87 billion and a price-to-earnings ratio of 16.40. The stock’s 50-day moving average price is C$182.33 and its 200-day moving average price is C$180.69.

Intact Financial (TSE:IFCGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported C$2.53 EPS for the quarter, topping analysts’ consensus estimates of C$2.43 by C$0.10. The company had revenue of C$5.31 billion during the quarter, compared to analysts’ expectations of C$4.94 billion. On average, sell-side analysts predict that Intact Financial will post 12.8100004 EPS for the current year.

Intact Financial Company Profile

(Get Rating)

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe, and the Middle East. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences.

Featured Stories

Analyst Recommendations for Intact Financial (TSE:IFC)

Receive News & Ratings for Intact Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intact Financial and related companies with MarketBeat.com's FREE daily email newsletter.