Raymond James Increases Intact Financial (TSE:IFC) Price Target to C$290.00

Intact Financial (TSE:IFC) had its target price boosted by stock analysts at Raymond James from C$264.00 to C$290.00 in a research report issued on Wednesday,BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 9.86% from the company’s current price. Raymond James also issued estimates for Intact Financial’s Q4 2024 earnings at $4.64 EPS, Q1 2025 earnings at $4.57 EPS and Q4 2025 earnings at $4.97 EPS.

A number of other research firms have also recently commented on IFC. CIBC upped their target price on Intact Financial from C$250.00 to C$270.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. TD Securities upped their price objective on Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. National Bankshares lifted their target price on Intact Financial from C$280.00 to C$294.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Desjardins boosted their target price on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group reduced their price target on shares of Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Intact Financial has an average rating of “Moderate Buy” and a consensus target price of C$274.90.

Intact Financial Price Performance

IFC stock opened at C$263.97 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26. Intact Financial has a 12 month low of C$197.82 and a 12 month high of C$273.05. The stock has a market cap of C$47.08 billion, a PE ratio of 23.24, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a 50-day moving average price of C$259.90 and a 200 day moving average price of C$243.33.

Insider Transactions at Intact Financial

In related news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of Intact Financial stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$255.00, for a total transaction 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.