Intact Financial (TSE:IFC) had its price target cut to $263.00

Intact Financial (TSE:IFC – Get a Free Report) Scotiabank dropped their target price on the stock from $272.00 to $263.00 in a report on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 4.15% from the stock’s previous close.

A number of other research firms have recently commented on IFC. Cormark raised their price objective on Intact Financial from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Raymond James raised their price objective on Intact Financial from $261.00 to $269.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Desjardins boosted their price target on Intact Financial from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. National Bankshares upped their price target on Intact Financial from $260.00 to $265.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, CIBC boosted their target price on Intact Financial from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Intact Financial has an average rating of “Moderate Buy” and a consensus price target of $264.40, according to MarketBeat.com.

See the latest stock analysis on Intact Financial

Stock financial performance intact

Shares of Intact Financial opened at $252.52 on Thursday. The stock’s 50-day moving average is $239.45 and its 200-day moving average is $229.55. The company has a market cap of $45.04 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The company has a debt-to-equity ratio of 31.26, a current ratio of 0.36, and a quick ratio of 0.28. Intact Financial has a 12-month low of $188.22 and a 12-month high of $263.74.

Intact Financial (TSE:IFC – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $1.25. The company had revenue of $7.07 billion for the quarter, compared to the consensus estimate of $7.64 billion. Intact Financial had a return on equity of 12.93% and a net margin of 7.14%. equities analysts anticipate that Intact Financial will post 15.4382979 earnings per share for the current year.

Insider Buying and Selling at Intact Financial

In other Intact Financial news, COO Frédéric Cotnoir sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $228.12, for a total transaction of $501,861.80. In other Intact Financial news, COO Frédéric Cotnoir sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $228.12, for a total transaction of $501,861.80. Also, COO Louis Gagnon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $228.09, for a total value of $2,280,886.00. Insiders have sold a total of 32,200 shares of company stock worth $7,309,123 over the last 90 days. 0.24% of shares are held by corporate insiders.

About Intact Financial

(Get a 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. The Company offers insurance, such as personal auto, which provides coverage against accidents, third party liability and physical damage; personal property that provides protection for homes and contents against risks including fire, theft, vandalism, water damage, other damage and personal liability; and commercial and specialty lines insurance offering commercial auto, property and liability coverages.

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