Intact Financial (TSE:IFC) Price Target Raised to C$296.00

Intact Financial (TSE:IFC) had its price objective raised by National Bankshares from C$294.00 to C$296.00 in a research note published on Wednesday morning, BayStreet.CA reports.

IFC has been the subject of several other research reports. Scotiabank lowered their price objective on Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Raymond James lifted their price objective on Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday. Cormark raised their price target on shares of 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. Jefferies Financial Group reduced their target price on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating for the company in a report on Thursday, August 22nd. Finally, BMO Capital Markets upped their target price on shares of Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Intact Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$271.40.

Intact Financial Stock Performance

Shares of IFC opened at C$265.02 on Wednesday. The company has a 50-day simple moving average of C$259.90 and a two-hundred day simple moving average of C$243.33. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28. The firm has a market capitalization of C$47.27 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a one year low of C$196.27 and a one year high of C$273.05.

Insiders Place Their Bets

In other news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$255.00, for a total value of C$510,000.00. 0.24% of the stock is currently owned by company 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.