Shares of Intact Financial Co. (TSE:IFC) have earned a consensus rating of “Buy” from the eleven research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$114.36.
Several research analysts have commented on the company. CIBC lifted their target price on Intact Financial from C$115.00 to C$120.00 in a report on Thursday, February 7th. Raymond James lifted their price objective on Intact Financial from C$113.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Monday, February 4th. Desjardins lifted their price objective on Intact Financial from C$102.00 to C$104.00 in a research report on Wednesday, January 23rd. Royal Bank of Canada lowered their price objective on Intact Financial from C$117.00 to C$115.00 and set an “average” rating for the company in a research report on Tuesday, January 15th. Finally, National Bank Financial lifted their price objective on Intact Financial from C$106.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 6th.
Shares of IFC stock traded up C$0.43 during trading hours on Friday, reaching C$109.43. The company’s stock had a trading volume of 18,720 shares, compared to its average volume of 247,854. The company has a market cap of $15.33 billion and a PE ratio of 22.75. Intact Financial has a fifty-two week low of C$91.65 and a fifty-two week high of C$113.40. The company has a debt-to-equity ratio of 28.28, a quick ratio of 0.24 and a current ratio of 0.31.
Intact Financial (TSE:IFC) last issued its earnings results on Tuesday, February 5th. The company reported C$1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.74 by C$0.19. The business had revenue of C$2.70 billion during the quarter, compared to analyst estimates of C$2.53 billion. On average, equities analysts predict that Intact Financial will post 8.02000029850753 EPS for the current fiscal year.
In related news, Senior Officer Mark Alan Tullis sold 2,000 shares of the business’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of C$113.15, for a total value of C$226,300.00. Following the completion of the sale, the insider now directly owns 38,177 shares of the company’s stock, valued at approximately C$4,319,727.55.
Intact Financial Company Profile
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.
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