Intact Financial (TSE:IFC) Price Target Raised to C$247.00 at National Bankshares

Intact Financial (TSE:IFC) had its price objective raised by National Bankshares from C$245.00 to C$247.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 8.60% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Royal Bank of Canada boosted their price target on shares of Intact Financial from C$229.00 to C$236.00 and gave the company a “sector perform” rating in a research report on Monday. Raymond James boosted their price target on shares of Intact Financial from C$221.00 to C$247.00 in a research report on Wednesday, February 14th. Desjardins boosted their price target on shares of Intact Financial from C$235.00 to C$238.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. CIBC boosted their price target on shares of Intact Financial from C$225.00 to C$250.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Finally, Scotiabank boosted their price target on shares of Intact Financial from C$256.00 to C$261.00 in a research report on Friday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Intact Financial has a consensus rating of “Moderate Buy” and an average target price of C$240.11.

Intact Financial Stock Performance

Intact Financial stock traded up C$0.98 during mid-day trading on Tuesday, reaching C$227.43. The company’s stock had a trading volume of 128,471 shares, compared to its average volume of 297,687. Intact Financial has a 12-month low of C$188.22 and a 12-month high of C$237.25. The company has a market capitalization of C$40.56 billion, a P/E ratio of 32.52, a PEG ratio of 2.01 and a beta of 0.54. The company has a debt-to-equity ratio of 34.90, a quick ratio of 0.28 and a current ratio of 0.38. The firm’s fifty day moving average price is C$223.56 and its two-hundred day moving average price is C$212.00.

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

Insider Buying and Selling

In related news, Senior Officer Benoit Morissette sold 7,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were 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 company insiders.

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.