Intact Financial (TSE:IFC) Price Target Raised to C$294.00 at National Bankshares

Intact Financial (TSE:IFC - Free Report) had its price target increased by National Bankshares from C$280.00 to C$294.00 in a research note released on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently commented on IFC. Scotiabank reduced their price target on Intact Financial from C$272.00 to C$263.00 and set an "outperform" rating for the company in a report on Thursday, August 22nd. CIBC increased their price target 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 lifted their price objective on shares of Intact Financial from C$282.00 to C$293.00 in a research report on Tuesday, October 22nd. BMO Capital Markets upped their price objective on shares of Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. Finally, Jefferies Financial Group cut their target price on shares of Intact Financial from C$264.00 to C$262.00 and set a "hold" rating for the company in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Intact Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of C$267.90.

Intact Financial Trading Down 0.2 %

TSE:IFC traded down C$0.41 during trading hours on Wednesday, hitting C$270.06. The stock had a trading volume of 241,884 shares, compared to its average volume of 286,985. The business's 50 day moving average is C$258.42 and its 200-day moving average is C$241.66. The company has a market cap of C$48.17 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 2.01 and a beta of 0.57. Intact Financial has a one year low of C$193.12 and a one year high of C$271.81. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, topping analysts' consensus estimates of C$3.61 by C$1.25. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. The business had revenue of C$7.07 billion for the quarter, compared to analyst estimates of C$7.64 billion. Sell-side analysts anticipate that Intact Financial will post 16.1721014 EPS for the current fiscal year.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction that occurred on 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 currently owned by company insiders.

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.