Intact Financial (TSE:IFC) Upgraded at Barclays

Barclays upgraded shares of Intact Financial (TSE:IFC) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also weighed in on IFC. Royal Bank Of Canada cut their price objective on Intact Financial from C$329.00 to C$324.00 and set a “sector perform” rating for the company in a report on Thursday, July 31st. National Bankshares upped their price target on shares of Intact Financial from C$341.00 to C$350.00 and gave the company an “outperform” rating in a report on Tuesday, July 29th. Scotiabank raised their price objective on shares of Intact Financial from C$318.00 to C$325.00 in a research report on Wednesday, July 23rd. Finally, BMO Capital Markets boosted their target price on shares of Intact Financial from C$330.00 to C$335.00 in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$322.20.

Intact Financial Stock Performance

Shares of IFC opened at C$268.25 on Tuesday. Intact Financial has a one year low of C$250.28 and a one year high of C$317.35. The stock’s fifty day moving average is C$277.32 and its 200-day moving average is C$292.19. The firm has a market capitalization of C$47.84 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 2.01 and a beta of 0.13.

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.