Intact Financial Co. (TSE:IFC) Receives Average Recommendation of “Moderate Buy” from 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 stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$322.18.

Several equities analysts have recently issued reports on IFC shares. Royal Bank Of Canada reduced their target price on Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating for the company in a report on Thursday, May 7th. Raymond James Financial reduced their price objective on 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. National Bank Financial increased their price objective on Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. Barclays increased their price objective on Intact Financial from C$322.00 to C$327.00 in a report on Wednesday, May 6th. Finally, TD reduced their price objective on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a report on Wednesday, May 6th.

Intact Financial Stock Performance

IFC stock opened at C$294.88 on Thursday. The firm has a market cap of C$52.13 billion, a PE ratio of 15.70, a P/E/G ratio of 2.01 and a beta of 0.32. The company has a quick ratio of 0.28, a current ratio of 1.69 and a debt-to-equity ratio of 23.33. The business has a 50 day moving average of C$267.31 and a 200-day moving average of C$265.25. 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 earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. The company had revenue of C$5.83 billion during the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. As a group, sell-side 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. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities.