Intact Financial (IFC) Hits New 12-Month High at $117.51

Intact Financial Co. (TSE:IFC) hit a new 52-week high on Wednesday . The company traded as high as C$117.51 and last traded at C$117.00, with a volume of 324765 shares changing hands. The stock had previously closed at C$116.22.

A number of equities research analysts have weighed in on IFC shares. CIBC lifted their target price on Intact Financial from C$115.00 to C$120.00 in a research report on Thursday, February 7th. Cormark set a C$121.00 target price on Intact Financial in a research report on Thursday, February 7th. Desjardins lifted their target price on Intact Financial from C$102.00 to C$104.00 in a research report on Wednesday, January 23rd. Keefe, Bruyette & Woods lifted their target price on Intact Financial from C$110.00 to C$112.00 in a research report on Friday, February 8th. Finally, BMO Capital Markets lifted their target price on Intact Financial from C$119.00 to C$123.00 in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$118.18.

The company has a debt-to-equity ratio of 32.96, a current ratio of 0.28 and a quick ratio of 0.21. The stock has a market cap of $16.18 billion and a price-to-earnings ratio of 22.62.

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Intact Financial Company Profile (TSE:IFC)

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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