Intact Financial (OTCMKTS:IFCZF) Shares Gap Up – Still a Buy?

Intact Financial Co. (OTCMKTS:IFCZF – Get Free Report)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $171.57, but opened at $178.70. Intact Financial shares last traded at $178.4160, with a volume of 381 shares.

Analysts Set New Price Targets

IFCZF has been the topic of a number of recent research reports. Scotiabank reiterated an “outperform” rating on shares of Intact Financial in a report on Wednesday, October 7th. Barclays restated an “overweight” rating on shares of Intact Financial in a research report on Wednesday, July 29th. TD Securities reissued a “buy” rating on shares of Intact Financial in a research note on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Intact Financial in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Intact Financial in a research note on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Intact Financial

Intact Financial Price Performance

The company has a market cap of $31.24 billion and a PE ratio of 13.67. The firm’s 50 day moving average is $184.66 and its 200 day moving average is $192.20.

Intact Financial Company Profile

(Get Free Report)

Intact Financial Corporation is a Canadian property and casualty insurance company headquartered in Toronto, Ontario. Through its insurance subsidiaries, the company provides coverage for individuals, businesses and institutions, with products that include personal and commercial automobile insurance, home and property insurance, liability coverage, and specialty insurance.

Intact serves customers primarily in Canada, the United Kingdom and Ireland, as well as through specialty insurance operations in other international markets.

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