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

Shares of Intact Financial Co. (OTCMKTS:IFCZF) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

A number of analysts recently issued reports on the stock. Barclays restated an “overweight” rating on shares of Intact Financial in a research report on Wednesday, July 29th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Intact Financial in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Intact Financial in a report on Friday, July 10th. TD Securities reaffirmed a “buy” rating on shares of Intact Financial in a research report on Wednesday, July 29th. Finally, Scotiabank reiterated an “outperform” rating on shares of Intact Financial in a research note on Friday, July 24th.

Intact Financial Price Performance

Shares of OTCMKTS IFCZF opened at $195.31 on Friday. The company has a 50-day simple moving average of $201.94 and a 200-day simple moving average of $194.14. The company has a market cap of $34.42 billion and a PE ratio of 15.01. Intact Financial has a 12 month low of $174.43 and a 12 month high of $226.09.

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.