Intact Financial Co. (TSE:IFC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Intact Financial Co. (TSE:IFC) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$321.20.

A number of equities analysts have commented on the stock. National Bank Financial lifted their target price on shares of Intact Financial from C$364.00 to C$372.00 in a research note on Wednesday, April 29th. TD Securities boosted 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. Barclays boosted their target price on shares of Intact Financial from C$319.00 to C$322.00 in a report on Wednesday, April 8th. Jefferies Financial Group boosted their target price on shares of Intact Financial from C$306.00 to C$324.00 in a report on Monday. Finally, Desjardins decreased 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 Stock Performance

IFC opened at C$259.10 on Wednesday. The firm has a market capitalization of C$46.01 billion, a PE ratio of 14.12, a PEG ratio of 2.01 and a beta of 0.33. Intact Financial has a twelve month low of C$242.87 and a twelve month high of C$317.35. The firm’s 50-day moving average price is C$255.12 and its 200 day moving average price is C$265.91. The company has a current ratio of 6.11, a quick ratio of 0.28 and a debt-to-equity ratio of 25.21.

Intact Financial (TSE:IFC) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. The firm had revenue of C$5.83 billion for the quarter. Intact Financial had a net margin of 12.91% and a return on equity of 17.09%. As a group, sell-side analysts expect that Intact Financial will post 16.1721014 EPS for the current fiscal 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.