Intact Financial Co. (TSE:IFC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Intact Financial Co. (TSE:IFC) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$310.90.

A number of research analysts have weighed in on IFC shares. CIBC boosted their price objective on shares of Intact Financial from C$290.00 to C$300.00 in a research report on Friday, April 25th. BMO Capital Markets upped their price target on shares of Intact Financial from C$290.00 to C$315.00 in a report on Thursday, February 13th. Cibc World Mkts downgraded shares of Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. National Bankshares raised their price target on shares of Intact Financial from C$336.00 to C$341.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, TD Securities raised their price target on shares of Intact Financial from C$328.00 to C$349.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th.

Intact Financial Stock Up 1.9%

Intact Financial stock opened at C$304.90 on Wednesday. Intact Financial has a 52-week low of C$218.58 and a 52-week high of C$311.29. The company has a market cap of C$54.24 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.01 and a beta of 0.57. The firm’s fifty day moving average is C$291.58 and its 200 day moving average is C$276.82.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company’s direct premiums are written in the personal automotive space.