National Bankshares Raises Intact Financial (TSE:IFC) Price Target to C$240.00

Intact Financial (TSE:IFCGet Free Report) had its price target increased by analysts at National Bankshares from C$235.00 to C$240.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 15.52% from the stock’s current price.

IFC has been the topic of a number of other research reports. Royal Bank of Canada lowered Intact Financial from an “outperform” rating to a “sector perform” rating in a research note on Thursday, January 4th. Scotiabank upped their price target on Intact Financial from C$232.00 to C$252.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. BMO Capital Markets upped their price target on Intact Financial from C$225.00 to C$230.00 in a research note on Thursday, January 25th. Finally, Desjardins upped their price target on Intact Financial from C$225.00 to C$230.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$225.45.

Get Our Latest Analysis on Intact Financial

Intact Financial Price Performance

Shares of IFC stock opened at C$207.76 on Monday. The stock’s fifty day simple moving average is C$205.90 and its 200 day simple moving average is C$201.16. The company has a debt-to-equity ratio of 35.57, a current ratio of 0.42 and a quick ratio of 0.28. The firm has a market cap of C$37.05 billion, a price-to-earnings ratio of 35.27, a P/E/G ratio of 2.01 and a beta of 0.54. Intact Financial has a one year low of C$182.01 and a one year high of C$214.68.

Intact Financial (TSE:IFCGet Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The company reported C$2.10 EPS for the quarter, topping analysts’ consensus estimates of C$1.51 by C$0.59. The company had revenue of C$6.39 billion for the quarter. Intact Financial had a return on equity of 7.22% and a net margin of 5.54%. On average, analysts expect that Intact Financial will post 14.2304582 earnings per share for the current fiscal year.

About Intact Financial

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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, and internationally. 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, as well as travel insurance.

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