Intact Financial (OTCMKTS:IFCZF) Stock Price Up 4.4% – Here’s Why

Shares of Intact Financial Co. (OTCMKTS:IFCZF) rose 4.4% during trading on Friday . The stock traded as high as $217.03 and last traded at $217.03. Approximately 259 shares were traded during trading, a decline of 98% from the average daily volume of 13,363 shares. The stock had previously closed at $207.89.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IFCZF. Jefferies Financial Group upgraded shares of Intact Financial to a “buy” rating in a report on Tuesday, October 21st. National Bankshares reissued an “outperform” rating on shares of Intact Financial in a research note on Monday, October 27th. Finally, Barclays reaffirmed an “overweight” rating on shares of Intact Financial in a research note on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Intact Financial has an average rating of “Buy”.

Intact Financial Stock Down 4.8%

The firm has a fifty day moving average price of $198.02 and a two-hundred day moving average price of $204.57.

About Intact Financial

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.