Intact Financial (OTCMKTS:IFCZF) Shares Gap Up – Time to Buy?

Shares of Intact Financial Co. (OTCMKTS:IFCZF) gapped up before the market opened on Monday . The stock had previously closed at $197.9760, but opened at $205.35. Intact Financial shares last traded at $208.96, with a volume of 21 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IFCZF. National Bankshares reiterated an “outperform” rating on shares of Intact Financial in a research note on Monday, October 27th. Jefferies Financial Group upgraded Intact Financial to a “buy” rating in a research report on Tuesday, October 21st. Finally, Barclays reissued an “overweight” rating on shares of Intact Financial in a report on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Intact Financial Stock Up 5.1%

The company has a fifty day simple moving average of $198.02 and a two-hundred day simple moving average of $204.44.

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.