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

Shares of Intact Financial Co. (TSE:IFC) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$317.91.

A number of research analysts have recently commented on IFC shares. Jefferies Financial Group boosted their price target on shares of Intact Financial from C$317.00 to C$320.00 in a research report on Thursday, November 6th. TD Securities dropped their price objective on Intact Financial from C$359.00 to C$346.00 in a research note on Wednesday, October 22nd. Barclays boosted their target price on Intact Financial from C$312.00 to C$318.00 in a research report on Wednesday, November 5th. BMO Capital Markets raised their price target on Intact Financial from C$315.00 to C$320.00 in a report on Thursday, November 6th. Finally, Royal Bank Of Canada dropped their price target on Intact Financial from C$324.00 to C$304.00 in a research report on Thursday, November 6th.

Intact Financial Stock Down 0.9%

IFC stock opened at C$259.79 on Monday. The stock has a 50-day simple moving average of C$278.97 and a two-hundred day simple moving average of C$277.84. Intact Financial has a twelve month low of C$253.43 and a twelve month high of C$317.35. The firm has a market capitalization of C$46.16 billion, a PE ratio of 15.57, a PEG ratio of 2.01 and a beta of 0.14.

Intact Financial (TSE:IFC) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$4.46 earnings per share (EPS) for the quarter. The firm had revenue of C$6.45 billion for the quarter. Intact Financial had a net margin of 8.60% and a return on equity of 13.13%. On average, equities research analysts anticipate 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.