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

Shares of Intact Financial Co. (TSE:IFC) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Two equities research 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 analysts that have covered the stock in the last year is C$318.10.

A number of analysts recently issued reports on IFC shares. TD Securities lifted their target price on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Raymond James Financial decreased their price target on Intact Financial from C$330.00 to C$310.00 in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group dropped their price objective on Intact Financial from C$321.00 to C$306.00 in a research note on Thursday, February 12th.

Intact Financial Stock Performance

Shares of IFC opened at C$259.07 on Tuesday. The stock has a market capitalization of C$46.00 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.01 and a beta of 0.31. Intact Financial has a 12 month low of C$244.01 and a 12 month high of C$317.35. The firm has a fifty day simple moving average of C$261.58 and a 200 day simple moving average of C$269.87. The company has a current ratio of 6.11, a quick ratio of 0.28 and a debt-to-equity ratio of 25.21.

Intact Financial (TSE:IFC) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share (EPS) for the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. The firm had revenue of C$7.10 billion for the quarter. Research analysts forecast that Intact Financial will post 16.1721014 EPS 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.