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

Intact Financial Co. (TSE:IFC) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$317.91.

IFC has been the subject of several recent research reports. Royal Bank Of Canada reduced their target price on shares of Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. Desjardins reduced their price objective on Intact Financial from C$335.00 to C$305.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Scotiabank decreased their price objective on Intact Financial from C$339.00 to C$318.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. TD Securities dropped their target price on Intact Financial from C$359.00 to C$346.00 in a report on Wednesday, October 22nd. Finally, National Bankshares lifted their price target on Intact Financial from C$352.00 to C$358.00 and gave the company an “outperform” rating in a research report on Monday, October 27th.

Intact Financial Stock Down 1.1%

Shares of TSE IFC opened at C$274.00 on Friday. The business’s 50 day moving average price is C$271.78 and its 200 day moving average price is C$285.83. The firm has a market cap of C$48.69 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.01 and a beta of 0.18. Intact Financial has a 52 week low of C$250.28 and a 52 week high of C$317.35.

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

About Intact Financial

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.