Intact Financial Co. (TSE:IFC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Intact Financial Co. (TSE:IFC) has received a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$322.20.

IFC has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their target price on shares of Intact Financial from C$329.00 to C$324.00 and set a “sector perform” rating for the company in a research report on Thursday. Jefferies Financial Group increased their target price on shares of Intact Financial from C$201.00 to C$289.00 in a research report on Monday, April 21st. CIBC increased their target price on shares of Intact Financial from C$290.00 to C$300.00 in a research report on Friday, April 25th. Desjardins increased their target price on shares of Intact Financial from C$320.00 to C$330.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, Scotiabank increased their target price on shares of Intact Financial from C$318.00 to C$325.00 in a research report on Wednesday, July 23rd.

Intact Financial Stock Performance

Shares of IFC opened at C$283.07 on Monday. Intact Financial has a fifty-two week low of C$240.37 and a fifty-two week high of C$317.35. The company has a 50 day moving average price of C$306.93 and a 200-day moving average price of C$292.46. The stock has a market capitalization of C$50.35 billion, a PE ratio of 21.92, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity

In other Intact Financial news, Director Timothy Michael Miller sold 13,028 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of C$309.88, for a total value of C$4,037,064.53. Corporate insiders own 0.24% of the company’s stock.

Intact Financial Company Profile

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.