Intact Financial Co. (TSE:IFC) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Intact Financial Co. (TSE:IFC) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$329.75.

A number of brokerages have recently weighed in on IFC. Royal Bank Of Canada upped their target price on Intact Financial from C$299.00 to C$308.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Scotiabank decreased their price target on shares of Intact Financial from C$330.00 to C$325.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Intact Financial from C$314.00 to C$311.00 in a research report on Thursday, July 30th. Barclays dropped their price objective on shares of Intact Financial from C$352.00 to C$344.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Finally, TD cut their target price on shares of Intact Financial from C$347.00 to C$345.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th.

Intact Financial Stock Performance

Shares of IFC stock opened at C$242.29 on Friday. The company has a market capitalization of C$42.73 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 2.01 and a beta of 0.45. Intact Financial has a 1-year low of C$236.92 and a 1-year high of C$305.52. The company has a current ratio of 7.21, a quick ratio of 0.28 and a debt-to-equity ratio of 23.22. The stock’s fifty day simple moving average is C$261.26 and its 200-day simple moving average is C$268.19.

Intact Financial (TSE:IFC) last announced its quarterly earnings data on Tuesday, July 28th. The company reported C$4.33 earnings per share (EPS) for the quarter. Intact Financial had a return on equity of 15.73% and a net margin of 12.04%. The firm had revenue of C$5.94 billion during the quarter. On average, sell-side analysts predict that Intact Financial will post 16.17 earnings per share for the current fiscal year.

Intact Financial Company Profile

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.