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

Shares of Intact Financial Co. (TSE:IFC) have earned a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$271.40.

IFC has been the subject of several recent research reports. TD Securities raised their price objective on shares of Intact Financial from C$293.00 to C$300.00 in a research note on Wednesday. Cormark boosted their price target on shares of Intact Financial from C$250.00 to C$260.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Raymond James increased their price objective on Intact Financial from C$264.00 to C$290.00 in a research note on Wednesday. Desjardins boosted their target price on Intact Financial from C$250.00 to C$255.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets increased their price target on Intact Financial from C$250.00 to C$275.00 in a research report on Thursday, August 1st.

Intact Financial Price Performance

IFC stock opened at C$265.02 on Friday. The business’s fifty day moving average price is C$259.90 and its 200 day moving average price is C$243.33. Intact Financial has a 12-month low of C$196.27 and a 12-month high of C$273.05. The company has a market capitalization of C$47.27 billion, a PE ratio of 23.33, a P/E/G ratio of 2.01 and a beta of 0.57. The company has a current ratio of 0.36, a quick ratio of 0.28 and a debt-to-equity ratio of 31.26.

Insider Buying and Selling

In other Intact Financial news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$255.00, for a total transaction of C$510,000.00. Corporate insiders own 0.24% of the company’s stock.

Intact Financial Company Profile

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.