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

Shares of Intact Financial Co. (TSE:IFC) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$322.18.

Several brokerages recently commented on IFC. Jefferies Financial Group raised their target price on Intact Financial from C$306.00 to C$324.00 in a report on Monday, May 4th. TD Securities raised their target price on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. TD dropped their target price on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. National Bank Financial raised their target price on Intact Financial from C$364.00 to C$372.00 in a report on Wednesday, April 29th. Finally, Desjardins dropped their price objective on Intact Financial from C$305.00 to C$300.00 and set a “buy” rating on the stock in a report on Monday, April 27th.

Intact Financial Price Performance

Intact Financial stock opened at C$271.53 on Friday. The stock’s 50-day moving average is C$258.84 and its 200-day moving average is C$265.51. The company has a market cap of C$48.00 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 2.01 and a beta of 0.33. Intact Financial has a 12 month low of C$242.87 and a 12 month high of C$317.35.

Intact Financial (TSE:IFC) last announced its earnings results on Tuesday, May 5th. The company reported C$4.61 EPS for the quarter. The business had revenue of C$5.83 billion for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%. Research analysts anticipate that Intact Financial will post 16.1721014 EPS for the current year.

About Intact Financial

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.