Intact Financial (TSE:IFC) Price Target Lowered to C$200.00 at Cormark

Intact Financial (TSE:IFC – Get Rating) had its price objective decreased by Cormark from C$210.00 to C$200.00 in a research note issued to investors on Tuesday, Marketbeat reports.

Other equities analysts also recently issued reports about the stock. National Bankshares lifted their price target on shares of Intact Financial from C$227.00 to C$230.00 and gave the company an outperform rating in a report on Friday, July 29th. Barclays dropped their target price on shares of Intact Financial from C$212.00 to C$208.00 and set a na rating for the company in a research note on Tuesday, July 26th. TD Securities boosted their target price on shares of Intact Financial from C$215.00 to C$220.00 and gave the stock a buy rating in a research note on Friday, July 29th. CIBC boosted their target price on shares of Intact Financial from C$210.00 to C$225.00 and gave the stock an outperform rating in a research note on Thursday, May 12th. Finally, Royal Bank of Canada boosted their price target on shares of Intact Financial from C$216.00 to C$219.00 and gave the stock an outperform rating in a research note on Friday, July 29th. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Intact Financial has an average rating of Buy and a consensus price target of C$214.21.

Intact Financial Stock Performance

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

Intact Financial (TSE:IFC – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported C$2.53 earnings per share for the quarter, beating the consensus estimate of C$2.43 by C$0.10. The business had revenue of C$5.31 billion for the quarter, compared to analyst estimates of C$4.94 billion. Equities research analysts forecast that Intact Financial will post 12.8100004 EPS for the current year.

Intact Financial Company Profile

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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.

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