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 rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$317.91.

Several research analysts have weighed in on IFC shares. Barclays boosted their price objective on Intact Financial from C$312.00 to C$318.00 in a research report on Wednesday, November 5th. Scotiabank lowered their target price on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Jefferies Financial Group boosted their price target on shares of Intact Financial from C$317.00 to C$320.00 in a report on Thursday, November 6th. TD Securities reduced their price target on shares of Intact Financial from C$359.00 to C$346.00 in a research report on Wednesday, October 22nd. Finally, BMO Capital Markets raised their price objective on shares of Intact Financial from C$315.00 to C$320.00 in a report on Thursday, November 6th.

Intact Financial Price Performance

Shares of IFC stock opened at C$259.79 on Monday. The firm has a 50-day moving average of C$278.97 and a 200-day moving average of C$277.84. Intact Financial has a one year low of C$253.43 and a one year high of C$317.35. The company has a market cap of C$46.16 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.01 and a beta of 0.14.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, November 4th. The company reported C$4.46 earnings per share for the quarter. The firm had revenue of C$6.45 billion for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. As a group, research analysts expect that Intact Financial will post 16.1721014 earnings per share for the current fiscal year.

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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.