Intact Financial (OTCMKTS:IFCZF) Shares Gap Up – Here’s Why

Intact Financial Co. (OTCMKTS:IFCZF) shares gapped up before the market opened on Thursday . The stock had previously closed at $187.16, but opened at $196.50. Intact Financial shares last traded at $196.50, with a volume of 853 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IFCZF. Jefferies Financial Group raised shares of Intact Financial to a “buy” rating in a report on Tuesday, October 21st. Scotiabank reaffirmed an “outperform” rating on shares of Intact Financial in a research note on Friday, January 30th. Barclays reiterated an “overweight” rating on shares of Intact Financial in a research report on Wednesday, November 5th. Finally, National Bankshares reiterated an “outperform” rating on shares of Intact Financial in a report on Monday, October 27th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, Intact Financial currently has a consensus rating of “Buy”.

Intact Financial Stock Down 1.7%

The company’s 50 day simple moving average is $198.11 and its 200 day simple moving average is $198.34.

Intact Financial Company Profile

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.