According to Bloomberg Ratings, the eleven research firms currently covering the stock have given Intact Financial Co. (TSE: IFC) an average rating of “buy,” indicating that investors should purchase the company’s stock. The firms gave these ratings to indicate that investors should buy the stock. The purchase of stock by investors is one of the strategies endorsed by four equity research professionals as a strategy they recommend. The average price target for the next twelve months established by analysts who have covered the stock in the preceding year is 224.18 Canadian dollars. This target was established by analysts who have covered the stock in the preceding year.
The company has received feedback from various equity analysts, all of which have been received by the company. In a research note published on Monday, November 14, the UBS Group announced that they would lower their price target on Intact Financial from C$211.00 to C$209.00. This change came as a result of the company’s recent performance. The Royal Bank of Canada increased its price objective for shares of Intact Financial from C$225.00 to C$231.00 in a report disseminated on Friday, January 13. The previous price target was established at 225.00 Canadian dollars. BMO Capital Markets lowered their price target on Intact Financial shares from C$230.00 (the previous price target) to C$220.00 (the new price target) in a research report published on Thursday, November 10. National Bankshares raised their price objective for Intact Financial by CAD$8.00, taking it from CAD$230.00 to CAD$238.00, and announced the change in a research note published on November 2. In a research note released on Wednesday, November 9, TD Securities upgraded Intact Financial from a “hold” rating to a “buy” rating and raised their target price on the stock from C$220.00 to C$230.00. Additionally, they raised their target price on the stock from C$220.00 to C$230.00.
IFC stock was first offered for trading on Friday for 197.82 Canadian dollars per share. The debt-to-equity ratio is calculated to be 35.10, the quick ratio is calculated to be 0.28, and the current ratio is calculated to be 0.43. During the previous year, Intact Financial’s stock price ranged from a low of 161.12 Canadian dollars to a high of 209.57 Canadian dollars. The company’s market capitalization is currently at 34.67 billion Canadian dollars, and its PE ratio is 12.86. The current stock price is trading at a moving average for the past 50 days of 197.80 Canadian dollars, and the moving average for the past 200 days is 195.65 Canadian dollars.
Intact Financial (TSE: IFC) provided the investing community with the most recent information regarding its quarterly earnings on Tuesday, November 8. The company reported quarterly earnings of 2.70 Canadian dollars per share, which is $0.22 less than the consensus expectation of 2.92 Canadian dollars per share. The corporation reported total revenues of 5.39 billion Canadian dollars for the period in question. According to the projections made by research analysts for the upcoming year, the earnings per share for Intact Financial are expected to amount to $12.9300005.
Through its subsidiaries, Intact Financial Corporation provides private citizens and businesses in the United States of America, Canada, the United Kingdom, Ireland, the rest of Europe, and the Middle East with property and liability insurance. The United Kingdom, Ireland, and the other nations of Europe are included in this group. It offers personal auto insurance, insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; insurance for personal property, including protection for homes and their contents from risks such as fire, theft, vandalism, water damage, and other damages; and insurance for personal. In addition to that, it offers insurance for travel trailers and other recreational vehicles, such as motorcycles, snowmobiles, and ATVs.