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

Intact Financial (TSE:IFC) had its price target lifted by National Bankshares from C$280.00 to C$294.00 in a report released on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

IFC has been the subject of several other research reports. Raymond James lowered their price target on Intact Financial from C$269.00 to C$264.00 in a report on Thursday, October 10th. Scotiabank lowered 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. BMO Capital Markets raised their price target on Intact Financial from C$250.00 to C$275.00 in a report on Thursday, August 1st. TD Securities raised their price target on Intact Financial from C$282.00 to C$293.00 in a report on Tuesday, October 22nd. Finally, Desjardins raised their price target on Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Intact Financial has an average rating of “Moderate Buy” and a consensus price target of C$267.90.

Intact Financial Price Performance

Shares of IFC stock opened at C$270.06 on Wednesday. Intact Financial has a 1-year low of C$193.12 and a 1-year high of C$271.81. The stock’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 P/E ratio of 23.77, a PEG ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36 and a quick ratio of 0.28.

Intact Financial (TSE:IFC) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$4.86 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.61 by C$1.25. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. The company had revenue of C$7.07 billion for the quarter, compared to the consensus estimate of C$7.64 billion. Research analysts predict that Intact Financial will post 16.1721014 earnings per share for the current fiscal year.

Insider Transactions at Intact Financial

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$253.88, for a total value of C$507,759.00. Company 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.