Sound Finances (TSE:IFC – Get Assessment) Research analysts at BMO Capital Markets raised its price target to $230.00 from $220.00 in a report published Friday, reports BayStreet.CA. BMO Capital Markets’ price target would suggest a potential upside of 16.44% from the company’s previous close.
A number of other equity analysts also recently commented on IFC. Cormark lowered its target price on Intact Financial to $200.00 from $210.00 in a report Tuesday, August 2. National Bankshares increased its price target on Intact Financial to $230.00 from $227.00 and gave the stock a “Outperform” rating in a research report on Friday, July 29. Raymond James raised its price target on Intact Financial to C$229.00 from C$206.00 and announced on Tuesday the 2nd TD Securities increased its price target on Intact Financial to C$220.00 from C$215.00 and gave the company a buy rating in a report dated Friday, July 29. Finally, Scotiabank raised its target price on Intact Financial to $215.00 from $210.00 in a report on Friday. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “buy” and an average target price of $215.64.
Intact financial trading down 0.6%
Shares of Intact Financial fell C$1.28 at midday Friday to reach C$197.52. 166,485 shares of the company were traded compared to an average volume of 389,465. The stock has a 50-day moving average of $192.24 and a 200-day moving average of $185.54. The company has a debt to equity ratio of 30.85, a quick ratio of 0.27 and a current ratio of 0.44. The company has a market cap of CA$34.63 billion and a P/E of 13.65. Intact Financial has a 12-month low of $158.00 and a 12-month high of $205.40.
Intact Financial (TSE:IFC – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $7.29 per share for the quarter, beating the consensus estimate of $2.84 by $4.45. The company had revenue of $5.34 billion for the quarter. As a group, equity analysts expect Intact Financial to post 13,0600009 EPS for the current fiscal year.
Insider buying and selling at Intact Financial
In other news, Senior Officer Anne Fortin sold 350 shares of the company’s stock in a transaction that took place on Thursday, August 11th. The stock sold at an average price of $191.39 for a total transaction of $66,986.50. Following the sale, the insider now owns 8,936 shares of the company’s stock valued at approximately $1,710,261.04. In other news from Intact Financial, Senior Officer Louis Marcotte sold 4,000 shares of the company’s stock in a transaction Tuesday, August 23. The shares were sold at an average price of $194.91 for a total value of $779,640.00. Upon closing of the transaction, the insider now directly owns 26,155 shares of the Company, valued at approximately $5,097,871.05. In addition, Senior Officer Anne Fortin sold 350 shares of the stock in a transaction dated Thursday, August 11. The stock sold at an average price of $191.39 for a total transaction of $66,986.50. Following the sale, the insider now owns 8,936 shares of the company’s stock valued at approximately $1,710,261.04.
About Intact Financial
Intact Financial Corporation, through its subsidiaries, offers property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, Ireland, rest of Europe and the Middle East. It offers personal auto insurance; Insurance for RVs, RVs, motorcycles, snowmobiles, and ATVs; private property insurance, such as B. Protection of homes and contents from risks, including fire, theft, vandalism, water damage and other damage, and personal liability insurance; and real estate coverage for renters, condominium owners, vacant homes, and seasonal homes.
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