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

Intact Financial Co. (TSE:IFC) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$318.10.

Several research firms have weighed in on IFC. Jefferies Financial Group dropped their price target on Intact Financial from C$321.00 to C$306.00 in a research note on Thursday, February 12th. Royal Bank Of Canada decreased their target price on Intact Financial from C$324.00 to C$304.00 in a report on Thursday, November 6th. TD Securities increased their price target on shares of Intact Financial from C$346.00 to C$354.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. BMO Capital Markets raised their price target on shares of Intact Financial from C$315.00 to C$320.00 in a research report on Thursday, November 6th. Finally, Barclays lifted their price objective on shares of Intact Financial from C$312.00 to C$318.00 in a research note on Wednesday, November 5th.

Intact Financial Trading Up 0.8%

TSE IFC opened at C$260.88 on Friday. The company has a fifty day simple moving average of C$269.14 and a two-hundred day simple moving average of C$271.90. The stock has a market cap of C$46.32 billion, a P/E ratio of 14.22, a P/E/G ratio of 2.01 and a beta of 0.07. Intact Financial has a 12-month low of C$244.01 and a 12-month high of C$317.35.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C$5.40 earnings per share for the quarter. Intact Financial had a net margin of 8.60% and a return on equity of 13.13%. The firm had revenue of C$7.10 billion for the quarter. As a group, sell-side analysts forecast 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.