Raymond James cuts target to CAD 305.00 for Intact Financial stock
Published on 10/17/2026 at 22:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and valuation
- Raymond James set a CAD 305.00 target on October 16, 2026.
- Second-quarter revenue was CAD 5.94 billion, with earnings per share of CAD 4.33.
- Intact Financial stock was last at CAD 253.45 on October 16, 2026 at 4:00 p.m. ET, up 0.60 percent on the TSX.
- Market capitalization was CAD 44.7 billion and the price-to-earnings ratio was 14.09.
Raymond James reduced its price target for Intact Financial from CAD 335.00 to CAD 305.00 on October 16, 2026, while maintaining an outperform rating, as MarketBeat reported. The new target sits 20.34 percent above the last TSX price of CAD 253.45. Intact Financial stock was last at CAD 253.45 on October 16, 2026 at 4:00 p.m. ET, up 0.60 percent on the TSX.
Quarterly figures set the baseline
Intact Financial's second-quarter results provide the latest operating reference. Revenue was CAD 5.94 billion and earnings per share came to CAD 4.33 for the quarter, according to MarketBeat. The figures give the target revision a current earnings backdrop rather than relying only on a valuation multiple.
Stock stays above its yearly low
The last TSX price was CAD 16.53 above the 52-week low of CAD 236.92 and CAD 52.07 below the 52-week high of CAD 305.52, both as of October 16, 2026. Trading volume was 288,325 shares, compared with an average volume of 488,991 shares. The price-to-earnings ratio was 14.09, while the trailing dividend yield was 2.00 percent on the same quote date.
Valuation and upcoming dates
Intact Financial carried a market capitalization of CAD 44.7 billion as of October 16, 2026. The Raymond James target of CAD 305.00 is 20.34 percent above the last TSX price, keeping the analyst view materially higher than the latest quotation. The investor calendar lists November 5 as an upcoming event date, while the company's investor page also displays a July 30 event date.
Comparison with peers
Intact Financial: plus 0.60 percent, price-to-earnings ratio 14.09, market capitalization CAD 44.7 billion.
Fairfax Financial Holdings (TSX, CAD): minus 0.17 percent, price-to-earnings ratio 8.36, market capitalization CAD 50.0 billion.
For investors, the key contrast is valuation: Intact Financial's price-to-earnings ratio of 14.09 stands above Fairfax Financial Holdings' 8.36 on October 16, 2026, while Intact Financial's market capitalization was CAD 44.7 billion.
Price remains the daily anchor
The latest TSX quotation places Intact Financial above its 52-week low but below its 52-week high, while the analyst target remains CAD 51.55 higher than the last price. The next reported company event is listed for November 5.
Intact Financial was last at CAD 253.45 on October 16, 2026 at 4:00 p.m. ET on the TSX, up 0.60 percent on the day.
Intact Financial market data
- Company: Intact Financial Corporation
- ISIN: CA45823T1066
- Ticker: IFC
- Primary exchange: TSX
- Last TSX price (as of October 16, 2026, 4:00 p.m. ET): CAD 253.45
- Change on the TSX: plus 0.60 percent
- Market capitalization: CAD 44.7 billion (as of October 16, 2026)
- 52-week range: CAD 236.92-CAD 305.52 (as of October 16, 2026)
- Sector / Industry: Financial Services / Insurance - Property and Casualty
Market context: Market report S&P/TSX Composite.
