Intact Financial Co. (TSE:IFC) Receives Consensus Rating of “Moderate Buy” from Analysts

Intact Financial Co. (TSE:IFC) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$318.10.

Several research analysts have recently weighed in on IFC shares. National Bank Financial increased their price objective on shares of Intact Financial from C$352.00 to C$358.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Barclays upped their price target on shares of Intact Financial from C$312.00 to C$318.00 in a research report on Wednesday, November 5th. Raymond James Financial decreased their price target on shares of Intact Financial from C$330.00 to C$310.00 in a report on Wednesday, February 11th. Jefferies Financial Group dropped their price objective on Intact Financial from C$321.00 to C$306.00 in a report on Thursday, February 12th. Finally, TD Securities increased their target price on Intact Financial from C$346.00 to C$354.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th.

Intact Financial Stock Down 1.2%

Shares of TSE:IFC opened at C$263.30 on Friday. The company has a market cap of C$46.75 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.01 and a beta of 0.07. The business has a fifty day simple moving average of C$270.39 and a 200-day simple moving average of C$272.57. Intact Financial has a 52 week low of C$244.01 and a 52 week high of C$317.35.

Intact Financial (TSE:IFC) last released its earnings results on Tuesday, February 10th. The company reported C$5.40 earnings per share for the quarter. The firm had revenue of C$7.10 billion for the quarter. Intact Financial had a return on equity of 13.13% and a net margin of 8.60%. Sell-side analysts expect that Intact Financial will post 16.1721014 earnings per share for the current fiscal 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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.