Desjardins Analysts Give Intact Financial (TSE:IFC) a C$310.00 Price Target

by · The Markets Daily

Desjardins set a C$310.00 target price on Intact Financial (TSE:IFC – Free Report) in a research report report published on Thursday morning,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Raymond James Financial reduced their price objective on shares of Intact Financial from C$335.00 to C$305.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Canadian Imperial Bank of Commerce dropped their target price on Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Jefferies Financial Group raised their price target on Intact Financial from C$343.00 to C$351.00 and gave the stock a “buy” rating in a report on Monday, July 27th. RBC Dominion Securities cut their price target on Intact Financial from C$308.00 to C$285.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. Finally, Barclays reduced their price target on Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Intact Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$323.85.

View Our Latest Research Report on IFC

Intact Financial Stock Performance

Shares of IFC stock opened at C$260.63 on Thursday. The stock has a market capitalization of C$45.96 billion, a P/E ratio of 14.50, a PEG ratio of 2.01 and a beta of 0.45. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. The firm’s 50 day moving average is C$256.60 and its 200 day moving average is C$265.09. Intact Financial has a 12 month low of C$236.92 and a 12 month high of C$305.52.

Intact Financial Company Profile

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Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.

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