Intact Financial (TSE:IFC) Price Target Raised to C$300.00 at TD Securities

Intact Financial (TSE:IFC) had its price objective hoisted by TD Securities from C$293.00 to C$300.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets boosted their target price on Intact Financial from C$250.00 to C$275.00 in a research report on Thursday, August 1st. National Bankshares upped their price target on shares of Intact Financial from C$280.00 to C$294.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. CIBC boosted their price objective on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Cormark raised their price objective on Intact Financial from C$250.00 to C$260.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Desjardins raised their price target on Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$271.40.

Intact Financial Stock Down 2.5 %

Shares of Intact Financial stock opened at C$265.02 on Wednesday. Intact Financial has a one year low of C$196.27 and a one year high of C$273.05. The company has a debt-to-equity ratio of 31.26, a quick ratio of 0.28 and a current ratio of 0.36. The firm has a fifty day moving average of C$259.90 and a two-hundred day moving average of C$243.33. The company has a market cap of C$47.27 billion, a P/E ratio of 23.33, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of Intact Financial stock in a transaction 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. Corporate 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.