Intact Financial Co. (OTCMKTS:IFCZF) Given Average Recommendation of “Buy” by Brokerages

Intact Financial Co. (OTCMKTS:IFCZF) has received an average rating of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation.

Several research firms have recently weighed in on IFCZF. Barclays restated an “overweight” rating on shares of Intact Financial in a research note on Wednesday, November 5th. Scotiabank reiterated an “outperform” rating on shares of Intact Financial in a report on Friday. Jefferies Financial Group upgraded shares of Intact Financial to a “buy” rating in a research note on Tuesday, October 21st. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Intact Financial in a report on Monday, October 27th.

Intact Financial Stock Up 1.3%

IFCZF stock opened at $184.69 on Thursday. Intact Financial has a 12-month low of $175.76 and a 12-month high of $256.31. The stock’s 50 day simple moving average is $199.15 and its 200 day simple moving average is $198.87.

Intact Financial Company Profile

Intact Financial Corporation is a leading Canadian property and casualty insurance provider offering a broad range of personal and commercial insurance products and services. Its primary operations in Canada are conducted through Intact Insurance and belairdirect, while its specialty insurance business in the United States operates under the OneBeacon Insurance Group brand. The company’s portfolio includes coverage for auto, home, commercial property and casualty, specialty lines, and accident and health, supported by risk management and claims solutions tailored to individuals, small and medium-sized enterprises, and large corporate clients.

Tracing its origins to the Halifax Fire Insurance Association founded in 1809, Intact Financial has expanded through a series of strategic mergers and acquisitions.