Intact Financial (TSE:IFC) Price Target Raised to C$296.00 at National Bankshares

Intact Financial (TSE:IFC) had its price objective raised by National Bankshares from C$294.00 to C$296.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Scotiabank decreased their target price on shares of Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Desjardins increased their target price on shares of Intact Financial from C$250.00 to C$255.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. CIBC lifted their target price on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Jefferies Financial Group cut their price objective on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a research report on Thursday, August 22nd. Finally, TD Securities increased their price target on shares of Intact Financial from C$293.00 to C$300.00 in a research report on Wednesday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$271.40.

Intact Financial Trading Down 2.5 %

TSE:IFC opened at C$265.02 on Wednesday. The firm has a fifty day simple moving average of C$259.90 and a two-hundred day simple moving average of C$243.33. Intact Financial has a 12 month low of C$196.27 and a 12 month high of C$273.05. The stock has a market capitalization of C$47.27 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.01 and a beta of 0.57. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26.

Insider Buying and Selling

In other news, Senior Officer Kenneth Anderson sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$253.88, for a total transaction of C$507,759.00. 0.24% of the stock is currently owned by corporate 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.