Intact Financial Co. (OTCMKTS:IFCZF – Get Free Report)’s share price shot up 8.4% during trading on Thursday. The stock traded as high as $202.50 and last traded at $202.50. 105 shares changed hands during trading, a decline of 100% from the average session volume of 24,629 shares. The stock had previously closed at $186.74.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on IFCZF shares. 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 report on Thursday, July 30th. Barclays reiterated an “overweight” rating on shares of Intact Financial in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Intact Financial in a research note on Friday, July 10th. Finally, Scotiabank restated an “outperform” rating on shares of Intact Financial in a report on Wednesday, October 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on IFCZF
Intact Financial Trading Up 0.1%
The company has a market cap of $35.51 billion and a price-to-earnings ratio of 17.21. The firm’s fifty day moving average price is $182.80 and its 200-day moving average price is $190.82.
About Intact Financial
Intact Financial Corporation is a Canada-based provider of property and casualty insurance. Through its subsidiaries and operating brands, the company offers personal, commercial and specialty insurance products covering automobiles, homes, businesses, marine risks and other property and liability exposures.
In Canada, Intact serves customers through broker distribution as well as direct-to-consumer brands, including Intact Insurance and belairdirect. Its operations also include BrokerLink, a network of insurance brokerages, and services supporting claims and property restoration.
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