Intact Financial Co. (TSE:IFC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Intact Financial Co. (TSE:IFC) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$322.18.

A number of equities research analysts have recently weighed in on the company. TD Securities lifted their price objective on Intact Financial from C$346.00 to C$354.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. TD dropped their price objective on Intact Financial from C$354.00 to C$347.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Raymond James Financial dropped their price objective on Intact Financial from C$310.00 to C$305.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Royal Bank Of Canada dropped their price objective on Intact Financial from C$304.00 to C$289.00 and set a “sector perform” rating for the company in a research note on Thursday, May 7th. Finally, National Bank Financial lifted their price objective on Intact Financial from C$364.00 to C$372.00 in a research note on Wednesday, April 29th.

Intact Financial Stock Up 1.6%

IFC stock opened at C$275.92 on Friday. The business has a fifty day moving average of C$259.34 and a two-hundred day moving average of C$265.58. The stock has a market cap of C$48.78 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.32. Intact Financial has a 52-week low of C$242.87 and a 52-week high of C$317.35.

Intact Financial (TSE:IFC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$4.61 earnings per share for the quarter. Intact Financial had a return on equity of 16.93% and a net margin of 12.76%.The business had revenue of C$5.83 billion during the quarter. As a group, sell-side 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.