Intact Financial (TSE:IFC) Given New C$290.00 Price Target at Raymond James

Intact Financial (TSE:IFC) had its target price hoisted by Raymond James from C$264.00 to C$290.00 in a research report report published on Wednesday, BayStreet.CA reports. Raymond James also issued estimates for Intact Financial’s Q4 2024 earnings at $4.64 EPS, Q1 2025 earnings at $4.57 EPS and Q4 2025 earnings at $4.97 EPS.

Several other analysts have also recently commented on the company. National Bankshares raised their target price on Intact Financial from C$280.00 to C$294.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lowered their price objective on Intact Financial from C$264.00 to C$262.00 and set a “hold” rating on the stock in a report on Thursday, August 22nd. BMO Capital Markets lifted their price target on shares of Intact Financial from C$250.00 to C$275.00 in a research report on Thursday, August 1st. Scotiabank decreased their price target on shares of Intact Financial from C$272.00 to C$263.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Finally, TD Securities raised their target price on Intact Financial from C$293.00 to C$300.00 in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Intact Financial has a consensus rating of “Moderate Buy” and an average price target of C$271.40.

Intact Financial Stock Down 2.5 %

IFC stock opened at C$265.02 on Wednesday. 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 C$196.27 and a 12 month high of C$273.05. The firm has a market cap of C$47.27 billion, a PE ratio of 23.33, a P/E/G ratio of 2.01 and a beta of 0.57. The firm has a 50 day simple moving average of C$259.90 and a 200 day simple moving average of C$243.33.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Kenneth Anderson sold 2,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$253.88, for a total transaction of C$507,759.00. Company insiders own 0.24% of the company’s stock.

About Intact Financial

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.