Royal Bank of Canada Increases Intact Financial (TSE:IFC) Price Target to C$236.00

Intact Financial (TSE:IFC) had its price objective boosted by Royal Bank of Canada from C$229.00 to C$236.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 4.30% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets raised their price target on Intact Financial from C$230.00 to C$240.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. National Bankshares dropped their price target on Intact Financial from C$250.00 to C$245.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Desjardins raised their price target on Intact Financial from C$235.00 to C$238.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. TD Securities raised their price target on Intact Financial from C$225.00 to C$235.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, CIBC raised their price target on Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$240.11.

Intact Financial Trading Down 0.1 %

Shares of IFC opened at C$226.27 on Monday. Intact Financial has a 1 year low of C$188.22 and a 1 year high of C$237.25. The company has a current ratio of 0.38, a quick ratio of 0.28 and a debt-to-equity ratio of 34.90. The stock has a 50 day simple moving average of C$223.54 and a 200-day simple moving average of C$212.19. The stock has a market cap of C$40.35 billion, a PE ratio of 32.37, a PEG ratio of 2.01 and a beta of 0.54.

Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, February 13th. The company reported C$3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$3.44 by C$0.03. Intact Financial had a return on equity of 8.16% and a net margin of 4.59%. The business had revenue of C$6.53 billion during the quarter. On average, sell-side analysts predict that Intact Financial will post 14.4651774 EPS for the current fiscal year.

Insider Transactions at Intact Financial

In other news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total value of C$1,583,589.00. 0.23% of the stock is owned by corporate 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.