TD Securities Forecasts Strong Price Appreciation for Intact Financial (TSE:IFC) Stock

Intact Financial (TSE:IFC) had its target price raised by TD Securities from C$300.00 to C$324.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on IFC. Cibc World Mkts lowered shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. National Bankshares boosted their price target on shares of Intact Financial from C$294.00 to C$296.00 in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price target on shares of Intact Financial from C$275.00 to C$290.00 in a research note on Thursday, November 7th. Raymond James boosted their price target on shares of Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday, November 6th. Finally, Scotiabank boosted their price objective on Intact Financial from C$281.00 to C$283.00 in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$277.30.

Intact Financial Stock Up 5.1 %

Shares of IFC opened at C$290.26 on Wednesday. The firm has a market cap of C$51.77 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a 12-month low of C$206.57 and a 12-month high of C$290.54. The company’s 50-day moving average price is C$262.06 and its 200 day moving average price is C$259.93. 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 Activity at Intact Financial

In related news, Senior Officer Darren Christopher Godfrey sold 1,850 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of C$272.50, for a total value of C$504,125.00. Also, Senior Officer Charles Brindamour sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of C$268.50, for a total value of C$1,611,000.00. Insiders sold 8,300 shares of company stock valued at $2,235,154 over the last three months. 0.24% of the stock is 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.