BMO Capital Markets Boosts Intact Financial (TSE:IFC) Price Target to C$250.00

Intact Financial (TSE:IFCFree Report) had its target price raised by BMO Capital Markets from C$240.00 to C$250.00 in a report issued on Thursday, BayStreet.CA reports.

IFC has been the topic of a number of other research reports. Scotiabank increased their target price on Intact Financial from C$256.00 to C$261.00 in a report on Friday, April 26th. Raymond James boosted their target price on shares of Intact Financial from C$247.00 to C$261.00 and gave the company an outperform rating in a research note on Wednesday. Desjardins raised their price target on shares of Intact Financial from C$235.00 to C$238.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. CIBC boosted their price objective on shares of Intact Financial from C$225.00 to C$250.00 and gave the company an outperform rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada lifted their target price on Intact Financial from C$226.00 to C$243.00 and gave the company a sector perform rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of C$247.30.

View Our Latest Report on IFC

Intact Financial Stock Up 0.0 %

Shares of IFC traded up C$0.05 during trading on Thursday, reaching C$228.70. The company’s stock had a trading volume of 374,660 shares, compared to its average volume of 301,555. Intact Financial has a twelve month low of C$188.22 and a twelve month high of C$237.25. The company has a quick ratio of 0.28, a current ratio of 0.38 and a debt-to-equity ratio of 34.90. The company has a market cap of C$40.78 billion, a price-to-earnings ratio of 32.67, a P/E/G ratio of 2.01 and a beta of 0.54. The company has a fifty day moving average of C$223.54 and a two-hundred day moving average of C$213.53.

Intact Financial (TSE:IFCGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C$3.47 earnings per share for the quarter, topping the consensus estimate of C$3.44 by C$0.03. The company had revenue of C$6.53 billion during the quarter. Intact Financial had a net margin of 4.59% and a return on equity of 8.16%. On average, sell-side analysts predict that Intact Financial will post 14.526183 EPS for the current fiscal year.

Intact Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $1.21 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 2.12%. Intact Financial’s dividend payout ratio (DPR) is 69.14%.

Insiders Place Their Bets

In other news, Senior Officer Benoit Morissette sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$226.23, for a total value of C$1,583,589.00. Corporate insiders own 0.23% of the company’s stock.

About Intact Financial

(Get 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 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.

Further Reading

Analyst Recommendations for Intact Financial (TSE:IFC)

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