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

Intact Financial Co. (TSE:IFC) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$322.18.

Several equities research analysts recently commented on IFC shares. Jefferies Financial Group lifted their price target on shares of Intact Financial from C$306.00 to C$324.00 in a research note on Monday, May 4th. Royal Bank Of Canada dropped their price objective on shares of Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 7th. TD Securities lifted their target price on shares of Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. National Bank Financial lifted their target price on shares of Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. Finally, Desjardins lowered their target price on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a report on Monday, April 27th.

Intact Financial Trading Down 0.4%

Intact Financial stock opened at C$270.87 on Friday. The stock has a market cap of C$47.89 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 2.01 and a beta of 0.33. The company has a fifty day simple moving average of C$257.38 and a 200-day simple moving average of C$265.95. Intact Financial has a 12-month low of C$242.87 and a 12-month high of C$317.35.

Intact Financial (TSE:IFC) last released its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. The business had revenue of C$5.83 billion during the quarter. Intact Financial had a net margin of 12.76% and a return on equity of 16.93%. As a group, sell-side analysts forecast that Intact Financial will post 16.1721014 earnings per share 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.