TD Securities Boosts Intact Financial (TSE:IFC) Price Target to C$293.00

Intact Financial (TSE:IFC) had its price objective boosted by research analysts at TD Securities from C$282.00 to C$293.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 10.69% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Raymond James decreased their price target on Intact Financial from C$269.00 to C$264.00 in a report on Thursday, October 10th. National Bankshares raised their target price on shares of Intact Financial from C$260.00 to C$265.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Scotiabank dropped their price target on shares of Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. Desjardins increased their price target on shares of Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, BMO Capital Markets lifted their price objective on Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$265.00.

Intact Financial Price Performance

Shares of TSE:IFC opened at C$264.70 on Tuesday. Intact Financial has a one year low of C$188.27 and a one year high of C$271.81. The stock has a market capitalization of C$47.21 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.01 and a beta of 0.57. The company has a 50-day simple moving average of C$256.89 and a 200-day simple moving average of C$239.95. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36.

Intact Financial (TSE:IFC) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, beating the consensus estimate of C$3.61 by C$1.25. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. The firm had revenue of C$7.07 billion during the quarter, compared to the consensus estimate of C$7.64 billion. On average, analysts predict that Intact Financial will post 16.1721014 EPS for the current year.

Insider Transactions at Intact Financial

In related news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$255.00, for a total value of C$510,000.00. Corporate insiders own 0.24% of the company’s stock.

About Intact Financial

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. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.