Intact Financial (TSE:IFC) Given New C$315.00 Price Target at Desjardins

Intact Financial (TSE:IFC - Free Report) had its price objective raised by Desjardins from C$295.00 to C$315.00 in a report issued on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for Intact Financial's Q1 2025 earnings at $3.78 EPS, Q2 2025 earnings at $4.14 EPS, Q3 2025 earnings at $4.21 EPS, Q4 2025 earnings at $4.42 EPS, FY2025 earnings at $16.55 EPS and FY2026 earnings at $17.90 EPS.

A number of other research firms have also weighed in on IFC. Jefferies Financial Group raised their price objective on shares of Intact Financial from C$284.00 to C$301.00 in a research note on Thursday. TD Securities raised their price target on shares of Intact Financial from C$300.00 to C$324.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. National Bankshares lifted their price target on Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. Raymond James increased their price objective on Intact Financial from C$290.00 to C$302.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, CIBC lifted their target price on Intact Financial from C$280.00 to C$290.00 and gave the company a "neutral" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$292.90.

Intact Financial Price Performance

Shares of TSE:IFC traded up C$1.11 during trading on Thursday, reaching C$288.21. 297,621 shares of the stock were exchanged, compared to its average volume of 245,001. Intact Financial has a 1-year low of C$216.62 and a 1-year high of C$294.35. The stock has a fifty day moving average of C$263.23 and a two-hundred day moving average of C$260.90. The firm has a market cap of C$51.27 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57.

Insider Transactions at Intact Financial

In other Intact Financial news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00. Also, Senior Officer Benoit Morissette sold 6,000 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total value of C$1,722,738.00. Insiders have sold 14,300 shares of company stock worth $3,957,892 in the last ninety days. Company insiders own 0.24% of the company's stock.

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.