Intact Financial (TSE:IFC) Given New C$296.00 Price Target at National Bankshares

Intact Financial (TSE:IFC) had its target price upped by equities researchers at National Bankshares from C$294.00 to C$296.00 in a report issued on Wednesday,BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 12.13% from the stock’s current price.

Several other equities research analysts also recently weighed in on IFC. BMO Capital Markets increased their target price on shares of Intact Financial from C$250.00 to C$275.00 in a research note on Thursday, August 1st. Scotiabank reduced their price objective on shares of Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Cormark boosted their target price on Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Securities increased their price target on Intact Financial from C$293.00 to C$300.00 in a report on Wednesday. Finally, CIBC raised their price target on Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intact Financial presently has an average rating of “Moderate Buy” and a consensus price target of C$274.90.

Intact Financial Stock Performance

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

Insider Buying and Selling

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$253.88, for a total value of C$507,759.00. 0.24% of the stock is owned by insiders.

Intact Financial Company Profile

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.