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

Intact Financial Co. (TSE:IFC) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$325.45.

IFC has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce increased their target price on Intact Financial from C$288.00 to C$314.00 in a research report on Friday, July 10th. Royal Bank Of Canada upped their price target on Intact Financial from C$289.00 to C$299.00 and gave the stock a “sector perform” rating in a research note on Monday, July 13th. Raymond James Financial cut their price objective on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Jefferies Financial Group lifted their price objective on shares of Intact Financial from C$306.00 to C$324.00 in a research report on Monday, May 4th. Finally, TD lowered their target price on shares of Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th.

Intact Financial Stock Performance

Shares of IFC stock opened at C$294.02 on Monday. The company has a debt-to-equity ratio of 23.33, a quick ratio of 0.28 and a current ratio of 1.69. The stock has a fifty day simple moving average of C$280.23 and a two-hundred day simple moving average of C$266.94. The firm has a market capitalization of C$51.98 billion, a PE ratio of 15.66, a PEG ratio of 2.01 and a beta of 0.29. Intact Financial has a 52-week low of C$242.87 and a 52-week high of C$310.84.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. The business had revenue of C$5.83 billion for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. On average, analysts predict 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.