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

Shares of Intact Financial Co. (TSE:IFC – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$325.45.

Several equities analysts recently issued reports on the company. TD decreased their price objective on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce raised their target price on shares of Intact Financial from C$288.00 to C$314.00 in a report on Friday, July 10th. Royal Bank Of Canada raised their target price on shares of Intact Financial from C$289.00 to C$299.00 and gave the stock a “sector perform” rating in a report on Monday, July 13th. Desjardins cut their price target on shares of Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Finally, Jefferies Financial Group upped their price target on shares of Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th.

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Intact Financial Stock Performance

IFC stock opened at C$293.46 on Monday. The business’s 50-day moving average price is C$283.89 and its two-hundred day moving average price is C$267.17. The company has a current ratio of 1.69, a quick ratio of 0.28 and a debt-to-equity ratio of 23.33. The firm has a market cap of C$51.88 billion, a PE ratio of 15.63, a P/E/G ratio of 2.01 and a beta of 0.29. Intact Financial has a 1-year low of C$242.87 and a 1-year high of C$310.84.

Intact Financial (TSE:IFC – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$4.61 earnings per share (EPS) for the quarter. The company had revenue of C$5.83 billion during the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. As a group, research analysts forecast that Intact Financial will post 16.1721014 earnings per share for the current year.

About Intact Financial

(Get Free Report)

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.

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