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

Shares of Intact Financial Co. (TSE:IFC) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$292.64.

Several equities analysts recently weighed in on IFC shares. Jefferies Financial Group raised their target price on shares of Intact Financial from C$284.00 to C$301.00 in a research note on Thursday, February 13th. CIBC raised their price objective on Intact Financial from C$280.00 to C$290.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. BMO Capital Markets lifted their target price on Intact Financial from C$290.00 to C$315.00 in a report on Thursday, February 13th. Cibc World Mkts lowered Intact Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, UBS Group lifted their price objective on Intact Financial from C$275.00 to C$290.00 in a research note on Tuesday, February 18th.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Benoit Morissette sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of C$287.12, for a total value of C$1,722,738.00. 0.24% of the stock is owned by corporate insiders.

Intact Financial Price Performance

Shares of IFC opened at C$288.20 on Friday. The firm has a market cap of C$51.27 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. Intact Financial has a 1 year low of C$216.62 and a 1 year high of C$294.35. The company has a 50 day simple moving average of C$268.78 and a two-hundred day simple moving average of C$264.43.

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.