TD Securities Lowers Intact Financial (TSE:IFC) Price Target to C$220.00

Posted by on Aug 5th, 2023

Intact Financial (TSE:IFC – Get Free Report) had its price objective lowered by TD Securities from C$225.00 to C$220.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 11.85% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. National Bankshares boosted their target price on shares of Intact Financial from C$240.00 to C$242.00 in a report on Tuesday, May 2nd. Scotiabank cut their target price on shares of Intact Financial from C$225.00 to C$210.00 and set an “outperform” rating on the stock in a research note on Monday, July 24th. Barclays cut their target price on shares of Intact Financial from C$235.00 to C$220.00 in a research note on Friday, April 28th. Royal Bank of Canada dropped their price objective on shares of Intact Financial from C$229.00 to C$228.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 11th. Finally, Raymond James dropped their price objective on shares of Intact Financial from C$224.00 to C$221.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$219.89.

Intact Financial Stock Up 3.2 %

Intact Financial stock opened at C$196.70 on Thursday. The firm has a market cap of C$34.47 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a 52 week low of C$182.01 and a 52 week high of C$209.57. The business’s 50-day moving average price is C$197.95 and its 200 day moving average price is C$197.58. The company has a quick ratio of 0.28, a current ratio of 0.40 and a debt-to-equity ratio of 35.06.

Intact Financial (TSE:IFC – Get Free Report) last released its quarterly earnings results on Wednesday, May 10th. The company reported C$3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.94 by C$0.12. The firm had revenue of C$5.33 billion for the quarter. Intact Financial had a net margin of 11.14% and a return on equity of 14.49%. As a group, sell-side analysts anticipate that Intact Financial will post 12.7333333 earnings per share for the current year.

About Intact Financial

(Get Free Report)

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. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, including fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner-occupied residences, and seasonal residences, as well as travel insurance.

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Analyst Recommendations for Intact Financial (TSE:IFC)

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