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

Shares of Intact Financial Co. (TSE:IFC) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$322.18.

Several equities analysts have commented on the stock. National Bank Financial upped their price objective on shares of Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. Barclays raised their target price on shares of Intact Financial from C$322.00 to C$327.00 in a research note on Wednesday, May 6th. Royal Bank Of Canada reduced their target price on shares of 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 decreased their price target on shares of Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group increased their price target on shares of Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th.

Intact Financial Stock Performance

IFC opened at C$292.71 on Thursday. The company has a quick ratio of 0.28, a current ratio of 1.69 and a debt-to-equity ratio of 23.33. Intact Financial has a 12-month low of C$242.87 and a 12-month high of C$317.35. The business has a 50 day moving average of C$270.56 and a 200-day moving average of C$265.75. The stock has a market cap of C$51.75 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.01 and a beta of 0.32.

Intact Financial (TSE:IFC) last posted its earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%.The business had revenue of C$5.83 billion for the quarter. On average, equities research 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.